Norske Skog to sell excess power to Statkraft
Norske Skog has reached an agreement to sell back excess power to energy group Statkraft. The company said it had originally signed a long-term contract for power supply with Statkraft and would now sell back an annual volume of 680 GW/h for the next eight years until the end of 2020. Norske Skog explained it would need less power after the closure of its Follum mill which is planned for the end of March. The transaction is expected to be closed by the end of February.