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Norske Skog in energy deal

June 28 2010  Norske Skog sells excess power in the southern part of Norway. The deal with the Norwegian company Elkem is woth around 800 million Norwegian Kroner.

Norske Skog has entered into an agreement to sell excess electricity to the Norwegian company Elkem for 800 million Norwegian Kroner. The deal gives Elkem a yearly supply of 1.5 TWh until 2020. The power sold is being delivered in the southern part of Norway, where Norske Skog does not need it for its own operations.Elkem is a leading company for environment-friendly production of materials. It also has an energy division with hydropower production for the public grid in southern Norway.

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