Power company Statkraft and Swedish hygiene and paper company SCA have entered into a long-term industrial power agreement. The 10-year agreement entails Statkraft supplying 500GWh of power annually to SCA's Swedish activities within the forest industry.

Statkraft executive vice president Jorgen Kildahl said: We are very satisfied to have a professional and constructive collaboration partner in SCA. We have succeeded in finding good, long-term solutions for both companies. This agreement is an important step towards a well functioning Nordic market for long-term contracts with industry.