Statkraft enters into long-term power agreement with Fesil Rana Metall

24.03.2011 08.00 | pressrelease

Fesil Rana Metall

Fesil Rana Metall

(Oslo, 24 March 2011) - Statkraft has entered into a long-term power contract with the Fesil Rana Metall smeltery for the period up to and including 2018.

The agreement between Statkraft and Fesil Rana Metall comprises a volume of about 1 TWh for the period from 1 May 2011 to 31 December 2018. This is addition to the long-term power contract from 2005, with annual deliveries of 0.5 TWh from 1 January 2006 to 31 December 2020.

“This commercial power agreement secures increased power coverage and contributes to stable and competitive framework conditions. It reduces our exposure to the power spot market and further secures the operations at the Mo i Rana smelting plant,” says Thorstein Abrahamsen, President and CEO of Fesil AS.

“Fesil is an important and future-oriented cornerstone company in northern Norway. We are very pleased to increase our power supply to the company,” says President and CEO Christian Rynning-Tønnesen of Statkraft.

Statkraft is a main energy supplier to the industry, and delivers a volume of about 20 TWh annually to the Norwegian and Nordic power-intensive industry. These deliveries currently comprise about one third of Statkraft’s total energy generation.

About Statkraft:
Statkraft is Europe's leader in renewable energy. The group develops and generates hydropower, wind power, gas power and district heating, and is a major player on the European energy exchanges. Statkraft has more than 3,200 employees in more than 20 countries.

Om Fesil:
The FesilGroup is among the world’s largest producers of Ferro Silicon (FeSi). The Group has one smelting plant in Norway: Rana Metall.
Special products, including granulated and refined qualities, make up the bulk of the production. The Fesil Group has a turn-over of NOK 4 billion and 170 employees in 10 countries.