Hydro and Vattenfall Sign Electricity Contract
Posted on: Wednesday, 10 September 2008, 06:00 CDT
Norsk Hydro ASA has signed a contract for the supply of close to 18 terawatt hours (TWh) of power from Vattenfall AB in Norway over an eight-year period, starting in 2013.
Hydro expects the contract to secure the basis for continued operations at the Soral aluminium plant at Husnes, owned 49.9 percent by Hydro. The plant's current power supply contracts expire in 2012. The new contract covers about 85 percent of the electricity needs at Soral.
Hydro's share of Soral's primary aluminium production amounted to 80,000 tonnes in 2007.
Press contact Contact Halvor Molland Telephone +47 22532421 Cellular +47 92979797 E-mail Halvor.Molland@hydro.com Investor contact Contact Stefan Solberg Telephone +47 22539280 Cellular +47 91727528 E-mail Stefan.Solberg@hydro.com
Copyright Copyright Hugin AS 2008. All rights reserved.
SOURCE: Norsk Hydro
Source: MARKET WIRE
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