Statkraft and Finnfjord enter into long-term power supply agreement
Statkraft has entered into a long-term power supply contract with ferrosilicon
producer Finnfjord AS located in Troms, Norway. The agreement is based on the
delivery of 0.7 TWh power per year starting 1 January 2010 and through to 31
December 2022.
"Statkraft is satisfied with the long-term power supply agreement that we have
entered into with Finnfjord AS," says CEO Christian Rynning-Tønnesen. "Statkraft
is a main supplier to the Norwegian power intensive industry. Therefore, it is
important for Statkraft to come forward with competitive power supply agreements
that offer  predictability for both parties."
By the end of 2010, the old statutory priced industrial contracts will no longer
apply. From 2011, Statkraft will deliver about 19 TWh of power per year to the
Norwegian and Scandinavian power intensive industry.
Statkraft is Europe's leader in renewable energy. The Group develops and
produces hydropower, wind power, gas power and district heating, and is a major
player on the European energy exchanges. Statkraft has more than 3,200 staff in
more than 20 countries.
For additional information:
Spokesperson  Knut Fjerdingstad, +47 24 06 71 61 / +47 901 86 310
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
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Source: Statkraft via Thomson Reuters ONE
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