Press releases 2005. 2005. Statkraft

Press releases 2005

Statkraft - Fourth Quarter and Preliminary Results 2005

16.02.2006

2005 - a record year

Statkraft Fund rewards efforts on behalf of children and environment-friendly energy with NOK 5 million

03.02.2006

(Oslo, 3 February 2006) The Statkraft Fund is awarding the Norwegian Mountain Touring Association, Save the Children Norway, the Norwegian YMCA-YWCA scouts, the Norwegian Society for the Conservation of Nature/Friends of the Earth Norway, and Blekkulf's Eco-detectives a total of NOK 5 million for teaming up with nature. This is the second time Statkraft supports worthy causes through the Statkraft Fund.

Statkraft and the Russian Federal Hydropower Generating Company (Hydro OGK) to cooperate within business development in the Russian hydropower industry

16.12.2005

Statkraft is not required to sell Trondheim Energiverk

23.11.2005

The Norwegian Ministry of Modernisation has resolved to revoke the order issued to Statkraft to sell Trondheim Energiverk (TEV). Now that it has the opportunity, Statkraft will - as previously stated - retain TEV.

Statkraft Third Quarter 2005: Financial results continue to rise

10.11.2005

Statkraft takes over 24 hydroelectric power stations in Sweden and Finland

03.10.2005

Today Statkraft takes over hydroelectric power stations in Sweden and Finland with an average annual production of approx. 1.6 TWh. The transaction is based on an agreement of 1 July 2005 between the Sydkraft group (now E.ON Sverige) and Statkraft. The transaction price is approx SEK 4.5 billion. Operation of the power stations will be co-ordinated with the operation of Statkraft’s other power stations.

More eco-friendly power from Europe's largest land-based wind farm

27.09.2005

(Smøla/Oslo, 27 September 2005) Former Norwegian prime minister Gro Harlem Brundtland will later today open the second phase of Statkraft's Smøla wind farm. Smøla is Europe's largest land-based wind farm, with 68 wind turbines generating a total of 450 GWh of electricity per year. This corresponds to the average annual power consumption of 22,500 Norwegian households.

Statkraft works to retain Trondheim Energiverk AS

23.09.2005

(Oslo, 23 September 2005) Statkraft has put together a comprehensive solution to comply with the competition-related directive it received in connection with the acquisition of Trondheim Energiverk. "We are working to retain ownership of the company, but since a decision has not yet been reached in the matter, Statkraft is compelled to prepare for a possible sale," says Statkraft's CEO Bård Mikkelsen.

Statkraft to build a wind farm in Finnmark

21.09.2005

Oslo, 21 September 2005) Today the board of Statkraft has decided to build the Kjøllefjord wind farm in Lebesby. Construction will begin at once. When completed next autumn the facility will be Statkraft's first wind farm in Finnmark. It will have a total installed effect of up to 40 MW and an annual output of approx. 155 GWh - enough to supply some 6,000 households with electricity.

Statkraft Second Quarter 2005: Production levels and financial results remain strong

18.08.2005

Statkraft SF - Result 2nd quarter 2005

18.08.2005

Pretax profit before tax NOK 1,576 m. Net profit NOK 1,135 m in the 2nd quarter 2005, up NOK 1,020 m and NOK 765 m respectively compared with the same period last year.

Consolidated pretax profit first six months of the year amounted to NOK 4,099 m, while its net profit totalled NOK 2,921 m. This is an improvement of NOK 1,349 m and NOK 999 m respectively compared with the same period last year.

Statkraft acquires hydropower plants in Sweden and Finland

01.07.2005

(Oslo, 1 July 2005) Statkraft and Sydkraft, the Swedish energy group, have today signed an agreement whereby Statkraft will acquire 24 hydropower plants in Sweden and Finland with an average annual production of approximately 1.6 TWh.

Statkraft to build 800 MW gas-fired power plant near Cologne, Germany

27.06.2005

(Oslo, 27 June 2005) Statkraft has decided to build and operate a large, modern gas-fired power plant in Knapsack, outside Cologne, Germany. The new plant will give a considerable boost to the Statkraft Group’s own, flexible power production in Continental Europe. The Knapsack facility is the second gas-fired power plant that Statkraft is planning in Germany. It will strengthen the group’s international power trading activities and establish Statkraft as a power producer also outside Scandinavia.

New members of the board of Statkraft

22.06.2005

CEO Gunn Wærsted and consultant Olav Fjell were elected to the board of directors of Statkraft SF and Statkraft AS at an ordinary corporate meeting of Statkraft SF. They will be replacing Rebecca Selvik and Erik Nygaard, who are resigning from the board.

Hydrogen centre planned for Trondheim

02.06.2005

Plans for a Norwegian hydrogen research and demonstration centre in Trondheim have been drawn up by power generator Statkraft, oil company Statoil and classification society Det Norske Veritas. Representing a powerful alliance with strong specialist teams, these partners aim to develop environment-friendly, profitable and safe solutions for hydrogen production.

Statkraft invests in German gas power plant

27.05.2005

(Oslo, 27 May 2005) Statkraft and the German energy company Mark-E will build a new and modern gas-fired power plant (CCGT) in Herdecke, Germany. This investment will give Statkraft access to flexible electricity production in continental Europe, which will strengthen the group's power trading activities.

First Quarter 2005: High production levels give strong financial results

11.05.2005

Net income for the first quarter of NOK 1,739 million (NOK 1,493 million)[1]
Increase in income due to increased production and reduced financial costs
Signing of long-term market contract to supply electricity to Fesil in Mo i Rana
Announcement of offer to redeem Norwegian bond debt worth NOK 14.2 billion

(Oslo, 11 May 2005) The Statkraft Group's first quarter income was boosted by high levels of electricity production. In addition, revenues from financial power hedging were substantial and financial costs were reduced. The major costs incurred by the associated company Sydkraft following a hurricane in southern Sweden did, however, pull down the group's overall financial result slightly. Statkraft achieved a pre-tax income of NOK 2,472 million (NOK 2,124 million), and a net income of NOK 1,739 million (NOK 1,493 million) in the first quarter 2005.

Statkraft signs CDM deal in South Africa

On 21st April 2005 Statkraft and Corobrik signed a long-term agreement whereby Statkraft will acquire all CERs (Certified Emission Reductions) that will be generated from a fuel switch project at Corobrik’s Lawley brick factory in the province of Gauteng, South Africa. The fuel switch from coal to gas is expected to lead to a reduction of 400,000 tons of greenhouse gas emissions over a period of 10 year. Parties anticipate that this CDM (Clean Development Mechanism) project will be registered before the end of this year.

Statkraft in the fourth quarter 2004: Good financial trading and significant capital gains

17.02.2005

Statkraft and Mark-E to cooperate on a CCGT-project in Germany

25.01.2005

(Oslo, 25 January 2005) Statkraft and the energy company Mark-E have agreed to jointly explore the possibility to build a gas-fired power plant close to Dortmund in Germany.

Statkraft establishes new business areas: Focus on increased profitability and environmentally friendly energy

13.01.2005

(Oslo, 13 January 2005) - Statkraft's focus is to increase added value and the development of environmentally friendly energy production. To improve ourselves, we have now organised the company into three business areas, says Chief Executive Officer Bård Mikkelsen at Pareto's Energy Conference in Oslo today.

New executive vice presidents in Statkraft

07.01.2005

(Oslo, 7 January 2005) Statkraft has today appointed two new executive vice presidents. Eli Skrøvset is to be the new executive vice president responsible for finance (CFO), while Stein Dale will be the executive vice president responsible for strategy and M & A. They will take up their appointments by 1 April in connection with the fact that the current CFO, Christian Rynning-Tønnesen, is to take up an equivalent appointment with Norske Skog.