Outokumpu and Vattenfall Sign Electricity Deal

Outokumpu, a stainless steel company, has signed a deal with Vattenfall, a power distributor, about electricity deliveries amounting to around 15TWh during a 10-year period in Finland and Sweden.

In addition to the extensive deliveries of electricity, Vattenfall and Outokumpu have also agreed about electricity portfolio management services to be provided by Vattenfall, as well as co-operation on more efficient use of energy.

Hans von Uthmann, senior vice president of Vattenfall and head of Vattenfall Nordic, said: “It is a great pride for Vattenfall to sign this really significant partnership with a Nordic heavy industry company outside Sweden. This partnership is a clear testimony to Vattenfall’s excellent relations with Nordic heavy industry. Our deal is unique for the energy industry for its scope and comprises deliveries in both Finland and Sweden.”