Hydro ASAs majority owned Slovalco aluminum smelter in
Slovakia has signed an eight-year power supply deal with
utility Slovenské Elektrárne AS, it said July
Starting Jan. 1, 2014,
Slovenské Elektrárne will supply 19 terawatt
hours (TWh) of electricity under the terms of the deal, Norsk
Hydro said. "The (letter of intent) is a first move towards
securing the total framework that will enable continued
operations at Slovalco," it added.
Power prices have
increased in Slovakia since the company entered into its
existing power contract with Slovenské Elektrárne
20 years ago.
didnt divulge the terms of the new deal.
continue to focus on strengthening its competitiveness through
efficiency measures and cost improvements, while in parallel
working to achieve a competitive future power supply," the
Slovalco is located in
iar nad Hronom, Slovakia, and produces primary aluminum
on one pre-bake line, with a capacity of about 165,000 tonnes
per year. The company is 55-percent owned by Norways
Hydro Aluminium and 44.7 percent by Slovakias Zavod
Slovenskeho Narodneho Povstania AS.
A version of this
article was first published in AMM sister publication Metal