Statkraft in long-term power agreement with INEOS ChlorVinyls

11-May-11

Statkraft has inked a new long-term power agreement with petrochemical company INEOS ChlorVinyls, comprising a total volume of 10.5 TWh (875 GWh/year) over the next 12 years, starting on May 15, 2011. "We are very pleased to have reached this agreement with Statkraft. The agreement will be key to our ongoing competitiveness and gives us a sound and predictable basis for the future development of our business", says Nils Eirik Stamland, Site Manager for Ineos ChlorVinyls operations across Grenland. "The power-intensive industry is an important customer to Statkraft, and the increasing number of new long-term agreements shows that we are able to fulfill our ambitions, " says President and CEO Christian Rynning-Tønnesen of Statkraft. Statkraft is a main energy supplier to the industry, and delivers a volume of more than 20 TWh annually to the Norwegian and Nordic power-intensive industry. These deliveries currently comprise about one third of the Statkraft Group´s total energy generation.