Norske Skog sells excess power
(Thomson Reuters ONE) -
Norske Skog sells back part of its energy contract to Statkraft.
Norske Skog has reached an agreement to sell back excess power in southern
Norway to Statkraft.
The sale encompasses an annual volume of 680 gigawatt hours and covers the
period through the end of 2020. The transaction will be closed by the end of
February 2012.
The net proceeds and accounting effect will be published in connection with the
presentation of Norske Skog's accounts for the first quarter 2012.
The background for the sale is the fact that Norske Skog after the closure of
Norske Skog Follum has a contract for larger power volumes than needed by the
group's plants. After the sale, the contract is aligned with the company's needs
going forward.
"The power we now sell was originally acquired through a long-term, commercial
contract in a market with lower power prices than today. When the situation is
such that we no longer need as much power, it makes sense to sell it, in order
to focus on running our manufacturing business," says Sven Ombudstvedt,
President and CEO of Norske Skog.
Oxenøen, 14 February 2012
Norske Skog
Communications and Public Affairs
For further information:
Media: Financial markets:
Vice President Corporate Communication Vice President Investor Relations
Carsten Dybevig Tom Rogn
Mob: (+47) 917 63 117 Mob: (+47) 948 55 659
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#1585305]
Unternehmensinformation / Kurzprofil:
Datum: 14.02.2012 - 09:00 Uhr
Sprache: Deutsch
News-ID 114153
Anzahl Zeichen: 2355
contact information:
Town:
Lysaker
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 196 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Norske Skog sells excess power"
steht unter der journalistisch-redaktionellen Verantwortung von
Norske Skog (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
