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

Wärtsilä supplies natural gas plant in Oklahoma to balance wind and solar generation

Wärtsilä has entered into a contract to supply a 56-MW Smart Power Generation power plant, including three of its 50SG natural gas engines, to the Stillwater Utilities Authority (SUA) in Oklahoma.

Siemens signs two long-term wind service agreements in US

Siemens (NYSE: SI) has entered into two long-term service and maintenance agreements covering 132 of its SWT-2.3 turbines at the White Creek Wind and the Harvest Wind projects near Roosevelt, Washington.

Follow Power Engineering on Twitter

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.

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Archived Articles

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

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Buyers Guide Company Listings

LADD Distribution

LADD Distribution is the exclusive authorized US distributor of DEUTSCH industrial connectors. DEUTSCH environmentally sealed electrical connectors are for use in off-highway, marine, and transportation applications.

L&S Electric Inc

World-class supplier of integrated control systems for the hydroelectric industry. Since 1982, has successfully provided new control systems for over 500 hydro units ranging from 75 kW to 500 MW.

Engineered Machined Products Inc

Is an engineering and manufacturing leader of innovative thermal cooling systems and oil management systems for on-highway, off-highway, power generation, hybrid specialty, transit bus, coach bus, marine and military markets.

Beaudrey American Services

Beaudrey machines are designed to minimize operational costs, maintenance needs and impact on marine life while increasing our customers' efficiency and plant output. Please visit our website: www.beaudrey.com

Power Industry Wire News

BASF Brings Hands-On Science to More Than 2,000 Schoolchildren During National Chemistry Week

BASF Brings Hands-On Science to More Than 2,000 Schoolchildren During National Chemistr...

SCS-Certified Products Among Top 10 Products Honored by BuildingGreen at Greenbuild 2014

SCS-Certified Products Among Top 10 Products Honored by BuildingGreen at Greenbuild 2014

Arabella Exploration Backs Into Additional Acreage

Arabella Exploration Backs Into Additional Acreage

FLIR Systems Announces Third Quarter 2014 Financial Results

FLIR Systems Announces Third Quarter 2014 Financial Results

Despite Declining Demand, BASF Increases Sales and Earnings in the Third Quarter of 2014

Despite Declining Demand, BASF Increases Sales and Earnings in the Third Quarter of 2014

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 >>


Power Engineering Newscasts

EPA chief: carbon caps will boost economy
Australia, Russia enter nuclear power agreement with Argentina
Largest battery energy storage in North America now operational
EPA chief: carbon caps will boost economy Largest battery energy storage in North America now operational Australia, Russia enter nuclear power agreement with Argentina Texas’ Panda Temple combined cycle plant up and running
Siemens agrees to acquire Dresser-Rand
Safety concrete poured at UAE nuclear reactor power project
Foster Wheeler to upgrade natural gas-fired power plant’s emission controls
GE, TransCanada partner on natural gas turbine design
Energy storage global market to grow to $15.6B by 2024; DOE awards $2M to support taller wind turbine towers; Hinkley Point C nuclear project have financial incentives approved; N.J. company building waste-to-energy project in Ireland