People and press

Picture: Handshake between Managing Director at Skogn, Mr Amund Saxrud, CEO in Norske Skog, Mr Sven Ombudstvedt, and CEO in NTE, Mr Torbjørn R. Skjerve.

Norske Skog and NTE enter into long-term energy contract

Norske Skog has signed a long-term energy contract with NTE (Nord-Trøndelag Elektrisitetsverk) for the supply of electricity for the paper mill at Skogn.

The new agreement, together with an agreement that was signed with Statkraft last year, secures Norske Skog Skogn sufficient energy for full operation of the mill. The agreement has been entered into on commercial terms and has a duration of 7 years from 1 January 2012. The new agreement with NTE ensures supply of 0.4 TWh per year until 31.12.2018.
 
- We are very pleased with this agreement. Norske Skog Skogn is important both for the group and for the forest industry in central Norway. This is an important contribution to securing jobs in Skogn, says president and CEO in Norske Skog, Sven Ombudstvedt.

- Skogn is one of the most environmentally sound and effective paper mills in Europe. A strong Norwegian krone and the challenging market conditions in the industry, means that the mill must have access to stable and secure energy supplies at an acceptable price in order to maintain operations, says president and CEO in Norske Skog, Sven Ombudstvedt.

- NTE is pleased to have in place an agreement with a key energy-intensive industrial firm in our region. Norske Skog at Skogn is an industry cornerstone in North-Trøndelag, with significant wealth creation and employment. The energy agreement also correlates well with our strategy for hedging energy production, says CEO in NTE, Torbjørn R. Skjerve.

Norske Skog Skogn employs 450 people. Production started in 1966. The mill produces newsprint, with the United Kingdom as the largest single market. 

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Norske Skogindustrier ASA
PB 294 Skøyen
0213 Oslo
Norway
info@norskeskog.com

Phone: +47 22 51 20 20
Main fax: +47 22 51 20 21
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Norske Skogindustrier ASA
Karenslyst allé 49
0278 Oslo

Norske Skogindustrier ASA, PB 294 Skøyen, 0213 Oslo, Norway

Phone: +47 22 51 20 20 - Main fax: +47 22 51 20 21