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06 NOVEMBER 2020 AL CIRCLE

Hydro signs new power contract with Hafslund E-CO Vannkraft AS for Norwegian aluminium portfolio

EDITED BY : HEENA IQBAL 1MINS READ

Norsk Hydro has announced the signing of a new long-term power contract for Norwegian aluminium portfolio.  The company’s fully owned subsidiary Hydro Energi AS has entered into an agreement with Hafslund E-CO Vannkraft AS for an aggregated supply of 0.9 TWh in the period from 2021 to 2027, with delivery to price area NO5. 

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“We are pleased with signing yet another contract with Hafslund E-CO Vannkraft AS, enabling us to secure stable long-term hydropower supply to our operations,” said Arvid Moss, Executive Vice President Energy in Hydro.  

Hydro and Hafslund E-CO Vannkraft AS already have signed a contract for an aggregated supply of 1.18 TWh in June.

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“Since 2014, Hydro has signed 16 long-term power purchase agreements (PPAs), all of which based on hydropower or wind power. Together with Hydro’s 10 TWh captive hydropower production in Norway, the long-term PPAs will be used in Hydro’s aluminium production in Norway in the coming decades,” the company said

The company’s 1.15 million tonnes per year primary aluminium production capacity in Norway is 100% supplied with renewable power.


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EDITED BY : HEENA IQBAL 1MINS READ

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