The mew electricity supply agreement between Holem and Swedish energy giant Vattenfall means that Holmen will purchase from Vattenfall almost a third of the purchased electricity that Holmen needs. The agreement is valid for a six-year period beginning in 2016. Around one third of the electricity Holmen requires comes from its own production at wholly or part-owned hydro power stations and back pressure power production at its mills. In 2009, Holmen’s total electricity consumption in Sweden amounted to some 3.9 TWh."This is an important agreement for Holmen, which is active in a world with great uncertainty regarding the supply of electricity in the future," comments Magnus Hall, Holmen’s CEO. "We are pleased to be able to extend our close, long-standing relationship with Vattenfall.""The long-term supply and efficient use of electricity are important factors for our customers in primary industries. We are therefore very pleased that Holmen has displayed continued confidence in our relationship," says Torbjörn Wahlborg, Head of Vattenfall Nordic.