Statkraft entered into a long-term power supply contract with Norske Skogindustrier ASA for delivery to the newsprint mill at Skogn in Nord-Trøndelag. The contract involves delivery of about 0.8 TWh power per year for the period of 1 January 2011 and through to 31 December 2022.
Statkraft has entered into a long-term power supply contract with ferrosilicon producer Finnfjord AS located in Troms, Norway. The agreement is based on the delivery of 0.7 TWh power per year starting 1 January 2010 and through to 31 December 2022.
Statkraft AS has on 17 December bought back nominal value NOK 130 million in ISIN NO0010591159 with maturity 8 February 2011. The trade has been made at market terms.
Today, the Norwegian Parliament (the Storting) decided to increase the equity capital in Statkraft SF with NOK 14 billion through the balancing of the national budget for 2010.
Today, the Government proposes to increase the equity capital in Statkraft SF with NOK 14 billion in its proposal to the Norwegian Parliament (the Storting) for balancing of the national budget for 2010.
Higher spot power prices, but lower generation, yielded Statkraft an underlying* EBITDA of NOK 1745 million in the third quarter, an increase from NOK 1444 million in the corresponding period last year. However, the underlying net profit decreased to NOK 469 million, from NOK 600 million year-on-year, following lower contributions from associated companies.
Statkraft AS has today made a commercial paper issue of NOK 300 million with maturity 8 February 2011.
Today, the Government presented its budget proposal, under which Statkraft SF will pay a dividend of NOK 5185 million in 2011. This corresponds to 85 percent of expected net profit after tax and minority interests adjusted for unrealised changes in values and non-recurring items in 2010, calculated by the Ministry of Trade and Industry.
Statkraft has through its subsidiary SN Power decided to invest in the hydropower plant Cheves in Peru. The investment is expected to amount to USD 400 million, approximately NOK 2350 million. The construction will begin in 2011, and is expected to be finalized at the end of 2013. The hydropower plant will be fully owned by SN Power and will have an installed capacity of 168 MW. Statkraft holds an ownership share of 60 percent in SN Power, and Norfund the remaining share.
Statkraft has decided to increase its gas-fired power capacity in Knapsack, Germany. An EPC-contract was signed today with German Siemens AG, regarding engineering, procurement and construction of a 430 MW combined-cycle gas turbine next to Statkraft’s existing power plant in Knapsack.
Statkraft AS has today made a commercial paper issue of NOK 300 million with maturity 2. December 2010.
Statkraft AS has on 30 August bought back nominal value NOK 250 million in ISIN NO 0010392061 (STAKR15). The trade has been made at market terms.
Following all-time high result in the first quarter of 2010, the result for the second quarter was slightly lower. Underlying profit before tax in the second quarter ended at NOK 2311 million compared with NOK 2295 million in the second quarter of 2009. Statkraft's underlying operating profit amounted to NOK 1119 million in the second quarter, compared with NOK 1420 million in the second quarter of 2009. The result is as expected and mainly reflects normal seasonal variations.
Statkraft AS has today made a commercial paper issue of NOK 600 million with maturity 8 April 2011.
(Oslo, 30 June 2010) Today, Svein Aaser was elected by the general meeting to serve as new chair on the Statkraft AS board of directors. Inge Ryan and Silvija Seres were elected to serve as new members on the board. Arvid Grundekjøn, Hilde M. Tonne and Bertil (Pertti) Tiusanen are stepping down from the board.
Statkraft AS has on 23 June bought back nominal value SEK 100 million in ISIN XS0409342358 with maturity 20 October 2010. The trade has been made at market terms.
Statkraft AS has on 21 June bought back nominal value SEK 790 million in ISIN XS0409342358. The trade has been made at market terms.
Following the adjustment of dividend from Statkraft SF to the Norwegian Government, as announced in the stock exchange notice of 11 May 2010, Statkraft SF has revised its Annual Report of 2009. The dividend was adjusted due to the Government’s Revised National Budget for 2010, which increased the dividend payout to NOK 4189 million from the previously reported NOK 3740 million.
Statkraft AS has today made a bond issue of SEK 2500 million under the EMTN programme. Issue date will be 28 June 2010 with maturity 28 September 2012. The bond will be listed on the London Stock Exchange.
(Oslo, 18 June 2010) Statkraft is focusing its strategy to strengthen emphasis on the group’s core competence within flexible and renewable energy generation. Hilde Bakken, Steinar Bysveen and Øistein Andresen are new members of the corporate management team.
The following offering circular has been approved by the UK Listing Authority and is available for viewing: Offering Circular dated 27 May 2010 for the €6,000,000,000 Euro Medium Term Note Programme of Statkraft AS
Statkraft’s underlying operating profit* for the first quarter of 2010 amounted to NOK 5 493 million (NOK 3 943 million)**. The company's underlying profit before tax amounted to NOK 5 375 million (NOK 3 485 million). The profit is attributed to increased demand and higher energy prices in the Nordic region, compared with the same period in 2009. However, lower than average water reservoir levels indicate reduced production in the time ahead.
Attached is the pdf-version of the 2009 Annual Report for Statkraft SF.
In connection with the Revised National Budget for 2010, released by the Norwegian Government today, Statkraft is informed that the dividend from Statkraft to the Norwegian state has been set at NOK 4189 million, an increase by NOK 449 million from the previously reported NOK 3740 million. The adjusted dividend equals 85 per cent of Group profit after tax and minority interests, adjusted for unrealised gains and losses.
Attached is the pdf-version of the printed 2009 Annual Report for Statkraft AS.
The Board of Directors of Statkaft AS has 17 March 2010 approved the final 2009 financial statements for the Statkraft AS Group. Profit before tax totalled NOK 12 487 million and net profit NOK 7 716 million. This is identical to the preliminary accounts disclosed 18 February 2010.
The Board of Directors of Statkaft SF has 17 March 2010 approved the final 2009 financial statements for the Statkraft SF Group. Profit before tax totalled NOK 12 546 million and net profit NOK 7 790 million. This is identical to the preliminary accounts disclosed 18 February 2009.
(Oslo, 18 February 2010) Lower power prices and reduced production in Norway resulted in Statkraft's underlying (1) operating profit for 2009 falling to NOK 9947 million (NOK 12 029 million) (2), and to NOK 3770 million in the fourth quarter (NOK 4072 million). The underlying profit before tax amounted to NOK 10 654 million (NOK 11 960 million), and NOK 3986 million in the fourth quarter (NOK 3541 million).
(Oslo, 18 February 2010) Lower power prices and reduced production in Norway resulted in the Group’s underlying (1) profit before tax for 2009 falling to NOK 10 713 million (NOK 11 856 million) (2). The underlying profit after tax amounted to NOK 5820 million (NOK 8365 million).