SHANGHAI, Jul. 31 (SMM) – China’s National Development & Reform Commission (NDRC) and National Energy Administration (NEA) issued Notice on Carrying out Special Checks on Standard Construction and Operations of Coal-Fired Captive Power Plants in May this year.
Rusal Sees Additional Massive Aluminum Closures in China Before End of 2017
The Notice urged aluminum smelters with captive power plants to pay government funds and surcharges in arrears.
SMM Sees Aluminum as Worst Performer among Base Metals
SMM learned the money owed is small among SOEs, but high among private smelters. SMM expects the average power cost to increase 0.02 yuan/kwh at smelters that need to pay government funds and surcharges owed.
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