Chongqing Xizhong Special Aluminium Co,. Ltd
Add: Xipeng Town, Jiulongpo District, Chongqing City, China
Post Code: 401326
Contact: Mr. Han/Mr. Li Tel: 86 23-65813311
Tel: 86 23-65803683
Fax: 86 23-65803443
China will impose tiered power pricing on all aluminium smelters starting from January to help eliminate inefficient plants and tackle severe overcapacity in the sector, the National Development and Reform Commission (NDRC) said on Monday.
Power prices will remain unchanged for smelters that do not use more than 13,700 kilowatts for each tonne of aluminium produced, while those that use between 13,700-13,800 kilowatts will be charged an additional 0.02 yuan per kilowatt.
Smelters that consume more than 13,800 kilowatts of power for each tonne of aluminium produced will be charged an additional 0.08 yuan per kilowatt, the NDRC said in a statement.
($1 = 6.0713 Chinese yuan) (Reporting by Fayen Wong; Editing by Jacqueline Wong)