Statkraft signs 13-year power contract with Finnfjord

Hallvard GranheimHallvard Granheim.Executive Vice President Market Operations & IT.Photo: Statkraft

Statkraft and Finnfjord have signed a new long-term power contract for the period 2018 to 2031. The total volume is 8.5 TWh with annual supply of 0.65 TWh.

 

The contract will contribute to supplying power to Finnfjord’s ferro-alloy plant in Finnsnes and replaces the contract Statkraft and Finnfjord entered into in 2011.

– We are happy to extend our comprehensive and long-term cooperation with Finnfjord. The company has shown impressing stamina in tough markets in recent years, and I am satisfied with the fact that Statkraft can offer competitive contracts and still be a preferred partner for Finnfjord and the industry, says Hallvard Granheim, EVP Market operation & IT in Statkraft.

– 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. We are pleased that our power supplier since 1962 is with us and able to offer Finnfjord competitive and predictable framework conditions, says CEO of Finnfjord, Geir-Henning Wintervoll.

 

© Statkraft / #Norway Today

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