Rio Tinto-backed Tomago Aluminium signs 10-year power supply PPA through 2038

Reuters2026/08/12 23:41

By:Reuters

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Rio Tinto backed a 10-year power purchase agreement for Tomago Aluminium, starting after its current electricity contract expires on Dec. 31, 2028.
Deal runs through 2038, delivering internationally competitive power, shifting to 100% renewable supply from 2033.
Tomago plans AUD 1.1 billion investment through 2038, including AUD 100 million for decarbonization projects.
Renewable supply from 2033 targets a 7.1 million-tonne annual cut in Tomago’s Scope 1 and 2 operating emissions.
Rio Tinto holds 51.55% of Tomago; partners include Gove Aluminium Finance at 36.05% and Norsk Hydro at 12.4%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rio Tinto plc published the original content used to generate this news brief on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Rio Tinto-backed Tomago Aluminium signs 10-year power supply PPA through 2038

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