Statkraft takes control of Nordic hydro capacity

13 October 2005 - European power company Statkraft has acquired hydroelectric power stations in Sweden and Finland with an average annual production of around 1.6 TWh.

The transaction of the assets follows an agreement reached earlier in the year between Statkraft and the Sydkraft group, now known as E.ON Sverige. The deal was worth approximately SEK 4.5bn ($573m).

Statkraft has assumed control of over 20 power stations in Sweden with a total average annual production of around 1.3 TWh. In Finland, the company now controls four power stations with an average annual output of 0.3 TWh.

All the power stations previously belonged to Graninge. Statkraft has also assumed the rights to the Graninge name.

Statkraft CEO, Bård Mikkelsen, said: "With this agreement, we gain access to hydroelectric production in Sweden and Finland. This gives us a solid platform for further growth in the Nordic region."

Sponsored by FLSmidth

Related Articles

B&W Vølund to build waste-to-energy power plant in Scotland

In a consortium with Interserve, Babcock & Wilcox Co.’s (B&W, NYSE:BWC) subsidiary, Babcock & Wilcox Vølund A/S (B&W Vølund), will engineer, procure and construct (EPC) a waste-to-energy (WTE) power plant for Viridor UK. The contract is worth approximately $230 million.

PSC approves solar power project

The Public Service Commission has approved solar power project planned by Kentucky Utilities and Louisville Gas and Electric in Mercer County.

Follow Power Engineering on Twitter
Latest News

Judge upholds sale of coal-fired power plant stake

A judge affirmed a Kentucky Public Service Commission ruling that approved a utility’s plan t...

Dominion Virginia Power to close coal ash ponds in state

Dominion Virginia Power is closing all its coal ash ponds in the state to comply with new sta...

Hearing examiner rejects utility's plan to raise rates

A state hearing examiner on Friday rejected a plan by New Mexico's largest electric provider ...

Nuclear decommissioning research center at Fukushima now open

A research center built to promote the decommissioning of the Fukushima Daiichi nuclear power...

Six coal units in PJM deactivated between April 1 and April 16

Five coal-fired units in Ohio of FirstEnergy (NYSE: FE) have been deactivated so far in April...

MATS dubbed ‘one of the most draconian environmental regulations ever’

The Environmental Protection Agency (EPA) Mercury and Air Toxics Standards (MATS) have now ta...

NRC OKs rule for packaging, transport of radioactive materials

The U.S. Nuclear Regulatory Commission (NRC) approved a final rule for the packaging and tran...

Power district converting coal plant unit to use hydrogen

Nebraska Public Power District and a California-based manufacturer said they will collaborate...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Industry Wire News

SEA-Vista Announces New Credit Facility

SEA-Vista Announces New Credit Facility

DEKRA Announces Risi Competizione's Ferrari F458 Italia Green Challenge Winner of TUDOR Championship Race in Long Beach, California

DEKRA Announces Risi Competizione's Ferrari F458 Italia Green Challenge Winner of TUDOR...

Western Gas Announces First Quarter 2015 Distribution and Schedules Earnings Conference Call

Western Gas Announces First Quarter 2015 Distribution and Schedules Earnings Conference...

Trans Energy, Inc. to Present at the IPAA Oil & Gas Investment Symposium in New York

Trans Energy, Inc. to Present at the IPAA Oil & Gas Investment Symposium in New York

"New To The Street" Announces Upcoming Interviews, New Clients, New Networks & a New Set

"New To The Street" Announces Upcoming Interviews, New Clients, New Networks & a New Set

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>