Norsk Hydro's part-owned Slovalco smelter signs Letter of Intent for power supply
(Thomson Reuters ONE) -
Norsk Hydro's part-owned aluminium smelter in Slovakia, Slovalco, has signed a
Letter of Intent (LoI) for power supply with Slovenské Elektrárne. The LoI
covers electricity supply over an eight-year period from January 1, 2014, with a
total delivery of 19 terawatt hours (TWh).
Since entering into the existing power contract with Slovenské Elektrárne 20
years ago, power prices in Slovakia have increased. Slovalco will continue to
focus on strengthening its competitiveness through efficiency measures and cost
improvements, while in parallel working to achieve a competitive future power
supply.
The LoI is a first move towards securing the total framework that will enable
continued operations at Slovalco. Securing other elements in the power framework
will also be important in the process going forward.
Slovalco is a fully consolidated aluminium smelter in Hydro, owned 55% by Hydro
Aluminium AS. Slovalco has an annual production capacity of approximately
165,000 metric tonnes.
Investor contact
Contact    Rikard Lindqvist
Cellular   +47 41751199
E-mail     Rikard.Lindqvist(at)hydro.com
Press contact
Contact    Halvor Molland
Cellular   +47 92979797
E-mail     Halvor.Molland(at)hydro.com
*********
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Source: Norsk Hydro via Thomson Reuters ONE
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Datum: 18.07.2013 - 07:05 Uhr
Sprache: Deutsch
News-ID 279496
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"Norsk Hydro's part-owned Slovalco smelter signs Letter of Intent for power supply"
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