AGL Energy Limited
(ASX:AGL) has finalised a new four year agreement with Alcoa.
Under the agreement, AGL will supply Alcoa’s aluminium smelter in Portland, Victoria with electricity for four years.
In commercial terms, the contract is for 510 mega watts, which is equivalent to 10% of Victoria’s electricity load.
The energy provider says, it’s pleased it will play a part in securing the future of the Portland smelter and the community it supports.
AGL Energy Limited posted a net loss of $407 million at 30 June 2016
