Norske Skog and NTE enter into a new energy contract
(Thomson Reuters ONE) -
Norske Skog has signed an energy contract with NTE (Nord-Trøndelag
Elektrisitetsverk) for the supply of electricity to the Skogn paper mill.
The new agreement replaces the agreement signed in 2012. The new agreement will,
together with an agreement that was signed with Statkraft in 2011, secure Norske
Skog Skogn with sufficient energy for the full operation of the plant. For NTE,
the agreement represents a predictable supply of renewable energy to one of the
company's most important customers. The agreement is on commercial terms and is
valid for 16 months from 1 September 2015. The new agreement with NTE ensures
supply of 0.4 TWh per year until 31 December 2016.
- Norske Skog Skogn is important for the Group, for the forest industry in
Central Norway and for jobs at Skogn. If we are to be competitive going forward,
we must have even lower costs than today. It requires that energy and raw
material costs are reduced further. The order situation is somewhat improved
over the past few weeks, and can therefore lead to earlier initiation of PM2
than predicted, says CEO Sven Ombudstvedt in Norske Skog.
- NTE is pleased to have an agreement with a key energy-intensive industrial
plant in our region. Norske Skog at Skogn is a cornerstone business in Nord-
Trondelag with great importance for value creation and employment. The energy
agreement also correlates well with our hedging strategy for energy production,
says energy director Kenneth Brandsås in NTE.
- Challenging market conditions in the industry requires that the mill must have
access to stable and secure energy supply at an acceptable price to maintain
operations. The agreement with NTE represents considerable power cost savings,
which are necessary to maintain competitiveness at Skogn, says CEO Sven
Ombudstvedt Norske Skog.
Norske Skog Skogn employs 350 people. Production started in 1966. The mill
produces newsprint, with the United Kingdom as the largest single market. NTE is
the leading energy company with 650 employees in the region of Trøndelag.
Oslo/Steinkjer, 28 September 2015
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: +47 917 63 117 Mob: +47 948 55 659
For NTE: For NTE:
Energy director Information manager
Kenneth Brandsås Dagfinn Brendmo
Mob: +47 992 68 097 Mob: +47 915 42 105
This announcement is distributed by GlobeNewswire on behalf of
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(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 GlobeNewswire
[HUG#1954645]
Unternehmensinformation / Kurzprofil:
Datum: 28.09.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 422882
Anzahl Zeichen: 3628
contact information:
Town:
Lysaker
Kategorie:
Business News
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