Hydro, Vattenfall Sign Power Supply Contract
Posted on: Thursday, 11 September 2008, 09:00 CDT
Norwegian metals company Hydro has signed a contract with Swedish electricity generator Vattenfall for the supply of approximately 18TWh of electricity in Norway over an eight-year period.
Jorgen Rostrup, executive vice president of Hydro, said: "Hydro is pleased that we have reached an agreement that is satisfactory for both parties, and which we expect will secure the basis for continued commercial operations at the Soral aluminum plant at Husnes, partly owned by Hydro. The plant's current power supply contracts expire in 2012."
Hans Uthmann, senior executive vice president of Vattenfall, and head of Vattenfall Nordic, said: "I am very delighted to sign this contract on behalf of Vattenfall with one of the largest industrial companies in Norway. This is a clear testimony to Vattenfall's excellent relations with electricity intensive industry in the Nordic area."
Source: Datamonitor
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