Norway, Oct. 22 -- Elkem and Landsvirkjun have signed a new power purchase agreement (PPA) that secures long-term electricity supply at competitive terms and enhanced operational flexibility for Elkem's ferrosilicon plant in Iceland.The new PPA superseding the existing agreement and remaining in effect until 2039, covers a contracted volume of 127 MW and is structured on a take-or-pay basis. The agreement, which provides flexibility for both parties, will from April 2029 have power price with a fixed floor price and partial link to the market price for ferrosilicon. With this mechanism, both parties benefit from higher ferrosilicon prices, while the plant remains competitive during periods with lower market prices. The new power agreement w...