Norway's Hydro, Hafslund-Eco sign 7-yr power supply deal

OSLO, Nov 6 (Reuters) - Norwegian aluminium producer Norsk Hydro has signed a seven-year contract with local utility Hafslund Eco for hydropower deliveries, it said on Friday.

The agreement will run from Jan. 1 2021 until Dec. 31. 2027 and cover an aggregated supply of 0.9 terawatthours (TWh) of hydropower over that period.

Delivery will be into the NO5 price area of Norway, which covers parts of the west coast around the city of Bergen, although the parties did not reveal the financial value of the deal.

The two firms already signed a similar agreement for 1.18 TWh in June, they said.

Since 2014, Hydro has signed 16 long-term power purchase agreements (PPAs) for supplies of renewable energies from hydro and wind power to its Norwegian operations.

Hydro’s annual Norwegian production of 1.15 million tonnes of primary aluminium is entirely based on renewable energy supplies, it said. (Reporting by Nora Buli, editing by Gwladys Fouche)