Corrected: BRIEF-Arctic Paper Units Sign Deals For Installation Of Electricity Storage Facilities

Arctic Paper SA

08/05/2024 07:32

(Corrects headline to say that units have signed deals for
installation of electricity storage facilities)
       May 8 (Reuters) - Arctic Paper SA  ATC.WA :
    * ITS UNITS ARCTIC PAPER GRYCKSBO AB AND ARCTIC PAPER
MUNKEDAL AB
SIGN DEALS WITH S.E.R SVERIGE AB
    * DEAL FOR INSTALLATION AND CONNECTION TO POWER GRID AT TWO
SWEDISH PAPER MILLS, BATTERY-BASED ELECTRICITY STORAGE
FACILITIES WITH TOTAL CAPACITY OF 24 MW
    * DEAL CONCERNS ALSO PROVISION OF SYSTEM SERVICES TO SWEDISH
ELECTRICITY TRANSMISSION SYSTEM OPERATOR, SVENSKA KRAFTNÄT
    * DEAL IS CONCLUDED FOR PERIOD OF 15 YEARS
    * ESTIMATED IMPACT ON GROUP'S ANNUAL EBITDA IN TWO FIRST
YEARS AT
10-30 MILLION SEK, STARTING FROM 2025

Source text for Workspace:  ID:nEM3SG7v1a 
Further company coverage:  ATC.WA 

 (Reporting by Gdansk Newsroom)
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