Federal Energy Minister Chris Bowen says conversations are ongoing about the future of Tomago Aluminium.
Government agencies are reportedly working on a power purchase agreement, where the Federal Government would guarantee a long term stable price of electricity for the plant, which has warned it may be forced to close if power prices don’t come down.
Chris Bowen believes the solution to the manufacturer’s woes is to pump the grid with more renewables.
“We have [Government] agencies [that] have been looking to see whether we can’t provide more renewable energy to Tomago,” he said.
“Tomago’s management said when they announced they were considering Tomago’s future, the problem is there’s not enough renewable energy. Not that there’s too much, there’s not enough.
“We agree with that. So let’s see what more we can do,” he said.
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| Chris Bowen with Paterson MP Meryl Swanson, Newcastle MP Sharon Claydon, Swansea MP Yasmin Catley, and Wallsend MP Sonia Hornery. |
