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

First Wind wind turbine gearboxes to be rebuilt

First Wind contracted Germany-based Winergy Drive Systems Corp. (WDSC) to rebuild gearboxes for some of the company’s Clipper wind turbines across the U.S.

USVI Tibbar Energy power plant to begin construction

Tibbar Energy USVI has announced that construction will begin in the second quarter of 2015, on a 7-MW anaerobic digestion biogas power plant, which utilizes VIASPACE's Giant King Grass.

Follow Power Engineering on Twitter

Latest News

GRDA Breaks Ground on Western Hemisphere’s First 501 J Series Gas Turbine

What will likely be the first Mitsubishi Hitachi Power Systems 501 J combined-cycle gas turbi...

Fitch downgrades bonds for Colver waste coal power plant in Pennsylvania

Fitch Ratings said Jan. 23 that, due to concerns about an "aging" power plant that ...

Blizzard warnings drive up Northeast gas, power prices

Spot power and natural gas prices surged for the Northeast as that region prepared for a majo...

OSU regents approve construction of new central plant

The Oklahoma State University Board of Regents has authorized construction of a new central p...
Gas Turbine Air Filtration

Power Engineering Photo of the Day

Duke Energy to build solar power facility at North Carolina military camp

Peabody Energy names new president, CEO

Peabody Energy (NYSE: BTU) announced that Glenn Kellow, current president and chief operating...

Vermont bill would set new standards for renewable energy

Vermont is considering a change to its energy policy that would end a practice that critics s...

Power Engineering Current Issue

Volume 118, Issue 12

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

BioSolar Plans to Lower the Cost of Solar Power With Energy Storage Technology

BioSolar Plans to Lower the Cost of Solar Power With Energy Storage Technology

CAPiTA Super Corporation Announces New Factory

CAPiTA Super Corporation Announces New Factory

JC Data Solutions Witnesses an Increase in Transactions for Their Payment Manager Services

JC Data Solutions Witnesses an Increase in Transactions for Their Payment Manager Servi...

Paradigm Oil & Gas: Strong Start to 2015

Paradigm Oil & Gas: Strong Start to 2015

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 >>