Jobs of 500 saved, as new deal is struck
Prime Minister Scott Morrison visited Portland today [19.03] after the local aluminium plant reached a new electricity deal.
ALCOA will keep the manufacturing facility running until 2026, saving 500 jobs.
Three independent power agreements were made with AGL Energy, Alinta and Origin Energy, lasting 5 years.
The Prime Minister joined Member for Wannon Dan Tehan, to announce Portland’s Aluminum Smelter will receive $76.8 million from the Federal Government.
Speaking with Ace Radio, Mr Morrison said, “This is all about keeping people in jobs and keeping the lights on across Victoria, we're very pleased to provide this under-riding support of some $76 million dollars and that comes on the back of a significant support we gave to the Government back in 2016 when I was Treasurer of some $30 million dollars"
"This has just continued to back the jobs here at Portland, I want to see heavy industries here in Regional Victoria continue and I want to see that go well into the future"
"We're backing that in and we're doing it in a smart way which deals with the changes in the electricity market and ensuring that the Portland Smelter can play a roll in that and at the same time get the revenues they need to keep people in work.”