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Hydro signs new long-term power contract.
Issued at 2014-06-25
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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 TWh over 10 years from 2021.
The contract will contribute to supplying power to Hydro's aluminium plants in Norway in the years after 2020, when the existing long-term power contract with Statkraft expires.
Source: Aluplanet
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