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Elkem becomes one of Statkraft

Norske Skog today announced the resale of 1.5 TWh of energy annually from 2011 to 2020 to Elkem. The agreement will make Elkem one of Statkraft's largest industrial customers, and Statkraft will continue to deliver 2 TWh annually to Norske Skog.

"Elkem is one of Norway's largest and oldest industrial companies. Statkraft is very pleased to establish a long-term customer relationship with Elkem under this resale agreement. The contract volume is significant and the agreement provides Elkem with predictable energy prices for its smelteries for the coming decade," says Statkraft Executive Vice President Asbjørn Grundt.

"We have for some time now worked to secure our long-term energy needs. We are very pleased to have reached an agreement with Norske Skog to take over part of their contract with Statkraft. This agreement strengthens the competiveness of the Norwegian smelteries," says Elkem CEO Helge Aasen.

The agreement will make Elkem one of Statkraft's largest industrial energy customers, with annual volumes of approx. 1.5 TWh until 2020. Norske Skog and Statkraft will continue their cooperation with an annual volume of 2 TWh, reduced from the previous 3.5 TWh.

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