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S Korea firm plans solar plant for Aussie smelter
Sun Metals' move comes as Australia grapples with electricity failures and price surges
Add BT as a preferred sourcePublished Wed, Feb 22, 2017 · 09:50 PM
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Sydney
FED up with unpredictable and often exorbitant electricity prices, Sun Metals CEO Yun Birm Choi plans to invest A$183 million (S$199 million) to build a massive solar farm to power his zinc refinery in the Australian outback.
The decision by Sun Metals, owned by Korea Zinc Co, to turn to solar comes as Australia grapples with more frequent power failures and extraordinary price surges on its mainly coal-fired wholesale electricity markets.
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