Statkraft and Swedish metals company Boliden has signed a new, extended power contract securing competitive power for the company’s smelter in Odda, Norway.
The contract includes deliveries of 1.6 terawatt hours a year with a duration of 15 years from the upgraded smelter starts operations in 2024.
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Statkraft said the power will be sourced from Statkraft’s existing portfolio of production assets in Norway, mainly consisting of hydropower.
“The power agreement forms the basis for producing the world’s most climate-efficient zinc in Odda.
“The expansion of the business that we are now starting, is an important investment in the future both for us and society as a whole,” said Mats Gustavsson, energy director at Boliden.