S&P says possible Tiwai Pt closure exposes risks in electricity sector

S&P Global Ratings said the Rio Tinto-controlled NZ Aluminum Smelter’s (NZAS) strategic review of its Tiwai Pt smelter underscored risks to New Zealand’s power generators.

The agency said it continued to factor this risk into its ratings assessment for entities in the sector.

The strategic review is likely to be completed by the first quarter ending March 31, next year.

To read the full article online, please visit the NZ Herald website.