Norsk Hydro: Hydro signs long-term power contract for Norwegian aluminium portfolio
May 28 2014 - 4:51AM
Norwegian aluminium company Norsk Hydro ASA has signed a long-term
power contract with Norwegian renewable energy producer Agder
Energi AS for power supplies to Hydro's aluminium plants in Norway.
The Power Purchase Agreement (PPA) between Hydro's fully owned
subsidiary Hydro Energi AS and Agder Energi Vannkraft AS covers
electricity supply over a 10-year period from January 1, 2021, with
an annual volume of 1 terawatt hour (TWh) and a total delivery of
10 TWh.
"The power contract is a first move towards securing long-term
power supply for Hydro's Norwegian smelter portfolio after the
existing long-term power contract with Statkraft expires in 2020,"
says executive vice president and head of the Primary Metal
business area in Hydro, Hilde Merete Aasheim
Investor contact
Contact Pål Kildemo
Cellular +47 97096711
E-mail Pål.Kildemo@hydro.com
Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Halvor.Molland@hydro.com
HUG#1789074
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