The Point Henry aluminium smelter was located near Geelong, Victoria in the suburb of Moolap prior to its closure in 2014.
[3] With 150 MW capacity, the power station was connected to the smelter by around 30 kilometres of high-voltage transmission lines, and was used to augment the supply from the Victorian electrical grid.
[5] In December 2013, the electricity hedge agreement between Loy Yang A and Point Henry was mutually terminated as a result of a court ordered mediation.
[6] Following a board meeting in February 2014, Alcoa Chief Executive Klaus Kleinfeld announced that the smelter—along with two rolling mills—would close at the end of 2014.
[7] Kleinfeld explained, "These assets are no longer competitive and are not financially sustainable today or into the future."