(Oslo, 28 March 2006) Statkraft and the Montenegrin Company Elektroprivreda Crne Gore (EPCG) signed a memorandum of understanding on March 24th with respect to further cooperation in the Montenegrin hydropower sector. The agreement, signed by Bård Mikkelsen, CEO and President of Statkraft and Srdjan Kovacevic, CEO of EPCG, confirms the parties' intention to identify joint opportunities for cooperation in the area of hydropower generation in Montenegro.
• Profits rise as a result of high production levels and reduced financial expenses
• Smooth operations and good power optimisation create added value
• Net profit of NOK 2,085 million (NOK 2,054 million)1 in the fourth quarter 2005
• Preliminary net profit of NOK 5,620 million (NOK 4,415 million) for 2005
• Generating capacity of 1.6 TWh acquired in Sweden and Finland
• Directive for the sale of Trondheim Energiverk overturned
Profits for the Statkraft Group continued to rise in the fourth quarter as a result of high production levels. Revenues from financial power trading were considerable, financial expenses were reduced and a one-off compensation for the termination of a sales agreement for green certificates was taken to income. Statkraft made a profit before tax of NOK 3,106 million (NOK 1,793 million) and a net profit of NOK 2,085 million (NOK 2,054 million) in the fourth quarter. For 2005 as a whole, the group made a profit of NOK 8,449 million before tax (NOK 4,630 million) and a net profit of NOK 5,620 million (NOK 4,415 million).
(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.