Update: Newssummary: China Guangxi Aims to Reduce Power Costs for Local Aluminum Smelters

Jun 3, 2015 14:44

Source:SMM

The government of Guangxi is working to cut costs for local aluminum smelters by power tariff cuts and tapping into rich hydropower in neighboring provinces.

SHANGHAI, Jun. 3 (SMM) – The government of Guangxi is working to cut costs for local aluminum smelters by power tariff cuts and tapping into rich hydropower in neighboring provinces, cnmn.com quoted gx.people.com.cn as saying.

The local government will establish regional power networks and try to cut power tariffs from over 0.6 yuan (9.7 US cents) per Kwh to about 0.3 yuan per Kwh for industrial power users.

Besides, the government is also looking to tap into abundant hydropower in neighboring Yunnan and Guizhou, the media added. A 0.2 yuan per Kwh reduction in power tariffs could translate into over 2,600 yuan per tonne savings in aluminum smelting costs.

Notes: “over 0.6 yuan (9.7 US cents) per Kwh to about 0.3 yuan per Kwh, 0.2 yuan per Kwh” was mistakenly written as “over 0.06 yuan (0.97 US cents) per Kwh to about 0.03 yuan per Kwh, A 0.02 yuan per Kwh” in our original article. SMM apologizes for the mistakes.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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Update: Newssummary: China Guangxi Aims to Reduce Power Costs for Local Aluminum Smelters

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