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Article: Boliden Signs Long-Term Electricity Agreement with Norwegian Firm Statkraft.
- Article from:
- Business Wire
- Article date:
- October 23, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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STOCKHOLM, Sweden -- Regulatory News:
Boliden Odda AS (STO:BOL) (TSE:BOL) and Norwegian power company Statkraft have entered into agreements for the supply of electricity for the periods 2009-2020 and 2021-2030. The total quantity of electricity supplied under both contracts amounts to 900 GWh/year.
"The agreements ensure Boliden's access to a dependable and long-term supply of electricity, at predictab
le prices, for the Odda zinc smelter - which will obviously help to boost the smelter's competitiveness," says Svante Nilsson, President of Business Area Smelters at Boliden.
As a part of the agreements, Boliden's 39.88 per cent ...