Norsk Hydro ASA's part-owned aluminium smelter in Slovakia, Slovalco, has signed a Power Purchase Agreement (PPA) for power supply with Slovenské Elektrárne.
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 most important element in securing the total power framework for Slovalco, while securing other elements, such as grid cost, are in process.
Slovalco is a fully consolidated aluminium smelter in Hydro, owned 55% by Hydro Aluminium AS. Slovalco has an annual production capacity of approximately 165,000 metric tons of primary aluminium.
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