(PRESS RELEASE) OSLO, 9-May-2019 — /EuropaWire/ — Statkraft signs long-term power supply agreement with Alcoa Norway. For the period 2020 to 2026, the total delivery will be just above 3 TWh, with annual deliveries of approximately 440 GWh. The contract involves supplying Alcoa’s Norwegian aluminium production with power.
Hallvard Granheim, Executive Vice President Markets & IT in Statkraft said: “As competition for long-term power supply agreements has picked up in Norway, I’m pleased to enter a new contract confirming competitive terms and Statkraft’s role as a preferred supplier of electricity to Norwegian industry.”
Kai-Rune Heggland, Country Manager Alcoa Norway added: “Access to renewable energy at globally competitive prices is key to Alcoa’s focus on climate change and further development in Norway. We are very satisfied that Statkraft now can offer competitively priced contracts with the duration we wanted for our hedging portfolio in Norway.”
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