Friday, May 17, 2013

Norske Skog: New Long-Term Energy Contract

Norske Skog: New long-term energy contract for Saugbrugs: Norske Skog Saugbrugs AS has signed a long-term agreement with Statkraft for the supply of electricity for the paper mill in Halden.The new agreement with Statkraft secures an annual supply of 1.0 TWh up to 31 December 2020. The agreement shall enter into force on 1 May 2013. The new agreement ensures almost full energy coverage for Saugbrugs over the next few years.Norske Skogindustrier ASA has terminated its long-term group agreement from 1998 that applied to supply of energy in Southern Norway. Norske Skog Saugbrugs AS employs around 530 people. The mill has an annual production capacity of 530 000 tonnes of magazine paper (SC/super calendered), with Germany and the United States as the largest single markets.