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.
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