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Norsk Hydro ASA's Part-Owned Smelter Slovalco Signs Power Contract

Tuesday, 8 Oct 2013 02:01am EDT 

Norsk Hydro ASA announced that its part-owned aluminium smelter in Slovakia, Slovalco, has signed a Power Purchase Agreement (PPA) for power supply with Slovensk√© Elektr√°rne. Following signing of a Letter of Intent for power supply, announced on July 18, Slovalco has entered into a PPA for electricity supply in the period 2014 to 2021. The power contract is the important element in securing the total power framework for Slovalco, while securing other elements, such as grid cost, are in process. 

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