SARPSBORG, Norway (News release) -- Borregaard and Eidsiva Vannkraft have entered into a new long-term supply contract for electric power for a total of 2.8 TWh to be supplied to the Sarpsborg site, Norway, in the period 2020 to 2029.

The new contract replaces the existing contract between the parties for the period 2020 to 2024, with a gradual reduction of annual deliveries from about 420 GWh in 2020 to about 130 GWh in 2029.

Borregaard owns one of the world's most advanced and sustainable biorefineries. Borregaard produces advanced and eco-friendly biochemicals.

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