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. 

Company Quote

-0.4 -1.06%
11:14am EDT