Under the contracts, the companies rough this agreement the company will supply electricity to the plant for eight years starting 2013. The current power supply contract will end in December 2012.
Soral is owned by Rio Tinto Alcan and Hydro.
Soral produces 90,000 tons of aluminum annually from a single potline. The total capacity of the plant with two potlines is 185,000 tons. One line was closed in 2009.
Soral CEO Oyvind Saevartveit said, "With renewed power sourcing, we will continue production with one potline until the owners and Board of Directors decides otherwise.
"The power contracts allow for an increased production at a later stage, should market conditions improve. In the meantime, we will continue our efforts to further reduce our cost base and improve efficiency."
