Wednesday, May 22, 2019

Statkraft, Norske Skog Ink Multi-Year Power Supply Deal

Posted by December 6, 2018

Photo courtesy of Statkraft

Statkraft and Norske Skog Skogn AS and Norske Skog Saugbrugs AS have entered into new long-term industrial power supply agreements for the period from December 1, 2018 to December 31, 2026. 

The total delivery will be about 14 TWh, with annual deliveries of approximately 900 GWh to each mill.

The contracts will contribute to the supply of power to Norske Skog's paper mills in Skogn and Halden, and will replace previous contracts between Statkraft and Norske Skog.

"The new contracts improve the competitiveness of our two major plants in Norway, and will at the same time be a contribution to ensuring important jobs in the processing of Norwegian raw materials. In a paper market with steadily falling demand, only mills with the lowest cost position and the most efficient operation will survive. Therefore, we are also dependent on improving the Norwegian political framework conditions and ensuring favorable purchasing terms from other suppliers to Norske Skog," says Niels Petter Wright, CEO of Norske Skog.

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