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Norsk Hydro ASA's Part-Owned Slovalco Smelter Signs Letter of Intent for Power Supply

Thursday, 18 Jul 2013 01:05am EDT 

Norsk Hydro ASA announced that the Company's part-owned aluminium smelter in Slovakia, Slovalco, has signed a Letter of Intent (LoI) for power supply with Slovenske Elektrarne. The LoI covers electricity supply over an eight-year period from January 1, 2014, with a total delivery of 19 terawatt hours (TWh). The LoI is a first move towards securing the total framework that will enable continued operations at Slovalco. Securing other elements in the power framework will also be important in the process going forward. 

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