Statkraft is to supply Norwegian ferrosilicon producer Finnfjord with electricity over the 2018 to 2031 period.
The new long-term contract will deliver 8.5 terrawatt-hours of electricity in total to Finnfjord’s ferro-alloy plant in Finnsnes, with an average annual supply of 0.65TWh, Statkraft said.
The deal replaces a contract between the two companies that started in 2011.
Finnfjord chief executive Geir-Henning Wintervoll said: “This contract secures a solid economic foundation for Finnfjord for the next 13 years and enables the company to further develop more efficient and environmentally friendly manufacturing solutions.”
Image: Statkraft
Statkraft strikes backyard deal
By EBS