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Home / Metal News / National Audit Office: Gansu Violates Law in Granting Huge Power Tariff Subsidies to Aluminum Smelters 

National Audit Office: Gansu Violates Law in Granting Huge Power Tariff Subsidies to Aluminum Smelters 

iconAug 18, 2017 19:27
Source:SMM
Gansu, in defiance of central government’s requirement, introduced preferential power tariff policy during 2015-2016, the National Audit Office (NAO) said on its website on August 17.

SHANGHAI, Aug. 18 (SMM) – Gansu, in defiance of central government’s requirement, introduced preferential power tariff policy during 2015-2016, the National Audit Office (NAO) said on its website on August 17.

Aluminum Bulls Watch Out: Crazy Speculations Mask Poor Market Fundamentals, SMM Warns

The province offered a staggering 240 million yuan of power tariff subsidies to local aluminum smelters during 2015-2016, according to the NAO’s website. 

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