Norske Skog and NTE enter into long-term energy contract
(Thomson Reuters ONE) -
Norske Skog has signed a long-term energy contract with NTE (Nord-Trøndelag
Elektrisitetsverk) for the supply of electricity for the paper mill at Skogn.
The new agreement, together with an agreement that was signed with Statkraft
last year, secures Norske Skog Skogn sufficient energy for full operation of the
mill. The agreement has been entered into on commercial terms and has a duration
of 7 years from 1 January 2012. The new agreement with NTE ensures supply of
0.4 TWh per year until 31.12.2018.
* We are very pleased with this agreement. Norske Skog Skogn is important both
for the group and for the forest industry in central Norway. This is an
important contribution to securing jobs in Skogn, says president and CEO in
Norske Skog, Sven Ombudstvedt.
* Skogn is one of the most environmentally sound and effective paper mills in
Europe. A strong Norwegian krone and the challenging market conditions in
the industry, means that the mill must have access to stable and secure
energy supplies at an acceptable price in order to maintain operations, says
president and CEO in Norske Skog, Sven Ombudstvedt.
* NTE is pleased to have in place an agreement with a key energy-intensive
industrial firm in our region. Norske Skog at Skogn is an industry
cornerstone in North-Trøndelag, with significant wealth creation and
employment. The energy agreement also correlates well with our strategy for
hedging energy production, says CEO in NTE, Torbjørn R. Skjerve.
Norske Skog Skogn employs 450 people. Production started in 1966. The mill
produces newsprint, with the United Kingdom as the largest single market.
Oxenøen, 12 January 2012
Norske Skog NTE
Communications and public affairs Communication
department
For further information:
Norske Skog media: Norske Skog financial market:
Vice President Corporate Communication Vice President Investor Relations
Carsten Dybevig Tom Rogn
Mob: 917 63 117 Mob: 948 55 659
For NTE: For NTE:
CEO Information manager
Torbjørn R. Skjerve Dagfinn Brendmo
Mob: 915 19 700 Mob: 915 42 105
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Norske Skog via Thomson Reuters ONE
[HUG#1576990]
Unternehmensinformation / Kurzprofil:
Datum: 12.01.2012 - 09:01 Uhr
Sprache: Deutsch
News-ID 103481
Anzahl Zeichen: 3337
contact information:
Town:
Lysaker
Kategorie:
Business News
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"Norske Skog and NTE enter into long-term energy contract"
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