Norsk Hydro could get new power deal with CO2 scheme

　　A Norwegian CO2 compensation scheme proposed on Tuesday could allow Norsk Hydro and Rio Tinto to negotiate a new long-term power contract for their Soeral aluminium plan in Norway, Hydro said.

　　The government announce the scheme for the period to end-2020 and said it would apply to aluminium, ferroalloys, chemical products and paper.

　　Rio Tinto owns 50 percent of the venture with has a 165,000 per year capacity while Hydro holds 49.9 percent.

　　Soeral's current power contract runs out at the end 2012.