Norske Skog Skogn Secures Long Term Power Supply Agreement
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Norske Skog, Norway, reports that it has signed a long-term contract with Statkraft for supply of power to the company's newsprint mill at Skogn in Mid-Norway. The contract secures the continued operations at the mill, which needed a new long term power supply contract by the beginning of 2011.
"We are very pleased with the agreement. Norske Skog Skogn is important to Norske Skog and for the forestry industry in Mid-Norway. This will help securing the workplaces at Skogn," said Norske Skog President and CEO Sven Ombudstvedt.
The new contract with Statkraft, which took effect January 1, secures a yearly supply of 0.8 TWh of electricity per year until Dec. 31, 2022. In addition to Norske Skog, the agreement is negotiated in cooperation with Finnfjord AS, which will secure power supply for its smelter at Finnsnes in Northern Norway.
Norske Skog Skogn, which started up in 1966, employs 500 people. The U.K. is its biggest single market.
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