Hydro Energi and Statkraft have signed a long-term power purchase agreement (PPA) securing an annual electricity supply of 876 GWh from 2031 to 2040. The agreement will provide Hydro with around 8.8 TWh of power during the contract period, with deliveries planned in Norway’s electricity price area...
The future of Bell Bay Aluminium smelter in Tasmania remains dependent on the outcome of negotiations over its electricity supply agreement. Federal Industry Minister of Australia Tim Ayres has stopped short of committing federal funding similar to the support extended to the Tomago aluminium...
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Norwegian aluminium company Norsk Hydro ASA has signed a long-term power contract with Axpo Trading AG, a Switzerland-based energy company with captive power production and international trading activity, for annual supply of 0.5 terawatt hours (TWh) over 10 years from 2021. Hydro recently signed...
State-controlled aluminum maker Indonesia Asahan Alumunium (Inalum), is seeking $1.33 billion to help finance the construction of a smelter, power plant and expansion of its port, its chief said. Winardi, the president director of Inalum, said the source of financing would come from bank loans,...
Enova, a public enterprise which supports new energy and climate-related technology development, has decided to contribute NOK 1.5 billion toward Hydro's full scale next-generation electrolysis pilot project at Karmøy, on the west coast of Norway. This contribution is subject to approval by the...
Norwegian aluminium company Norsk Hydro ASA has signed a long-term power contract with Norwegian renewable energy producer Lyse Energi AS for annual supply of 0.7 terawatt hours (TWh) over 10 years from 2021. Hydro signed a similar contract with Agder Energi AS last week, for an annual supply of 1...
Norwegian aluminium company Norsk Hydro ASA has signed a long-term power contract with Norwegian renewable energy producer Agder Energi AS for power supplies to Hydro's aluminium plants in Norway. The Power Purchase Agreement (PPA) between Hydro's fully owned subsidiary Hydro Energi AS and Agder...
The Corporate Assembly in Norsk Hydro ASA on Tuesday approved Dag Mejdell as new chair of the Board of Directors and one new member of the company's Board of Directors, Irene Rummelhoff. Terje Vareberg resigns from the Board of Directors and will be replaced by Dag Mejdell as new chair of the Board...
The just-completed “The SSE Hydro” is the biggest multi-purpose arena in the UK. It is designed to stage concerts, conferences and a wide variety of other events, and has a seating capacity of 12,000. Designed by the world-renowned architectural firm, Foster & Partners, the venue has a diameter of...
Hydro has decided to permanently close its Kurri Kurri aluminium plant in Australia. Production at the plant ceased in 2012. After being in care and maintenance mode since 2012, the decision to permanently close the Kurri Kurri aluminium plant is allowing for remediation and redevelopment options...
The Annual General Meeting of Norsk Hydro ASA today adopted all the items as proposed on the agenda, including the proposal to distribute a dividend of NOK 0.75 per share. The dividend will be paid on May 19, 2014 to ordinary shareholders listed in the Norwegian Central Securities Depository as of...
Hydro will build a new, integrated recycling line for used aluminium beverage cans at its Neuss plant in Germany. The line will be completed by end 2015, and increase the plant's existing annual recycling capacity of 50,000 tonnes to more than 100,000 tonnes. In addition to more than doubling the...
Norsk Hydro employees have purchased shares under a general arrangement offered to employees employed by Norsk Hydro in Norway each year. All employees employed by Norsk Hydro in Norway have been offered to purchase shares valued at NOK 10,000 with a 25 percent discount. 82 percent of the employees...
Norsk Hydro ASA's underlying earnings before financial items and tax rose to NOK 772 million in the first quarter 2014 from NOK 471 million in the fourth quarter 2013. The result was lifted by seasonally higher sales volumes and power production. Highlights • Underlying EBIT NOK 772 million •...
Hydro has entered into a binding agreement to sell its special alloy aluminium casthouse in Hannover to IQ Industrial Holding S.à r.l. (Luxembourg), a private industrial holding group with operations across Europe. The Hannover casthouse is focused on special aluminium alloys, mainly hard alloys...
Hydro's first quarter results 2014 will be released at 07:00 CET (01:00 AM EST, 06:00 UK time), on Wednesday April 30, 2014. The quarterly report and presentation slides will be available on Hydro website at the same time. Hydro will host a combined analyst and press conference, in English, at its...
The Pará State Environmental Secreteriate (SEMA) has reinstated Alunorte's environmental operational license for loading of alumina at its port, Vila do Conde, with effect as of 3. April 2014. This results in the resumption of loading of alumina with immediate effect. The resumption of alumina...
Pål Kildemo has been appointed Head of Investor Relations in Norsk Hydro ASA and will, effective May 1, be responsible for Hydro's contact with investors and financial markets. He will report to Executive Vice President and CFO Eivind Kallevik. Kildemo joined Hydro's graduate program in 2008 in...
Press Metal Berhad may consider expansion of smelting operations if the plan of the state government for constructing more hydroelectricity dams finally takes place. Datuk Paul Koon Poh Keong, chief executive officer said the media the reason behind this is the industry was a heavy consumer of...
Alberto Fabrini has been appointed executive vice president and head of the Bauxite & Alumina business area in Norsk Hydro ASA. The appointment of Fabrini, currently head of Operations in Bauxite & Alumina, will be effective June 1, 2014. "As a Brazilian native with international experience and an...
