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Solid operating profit but write-downs

In the fourth quarter of 2012, Statkraft achieved an underlying1 operating profit before depreciation (EBITDA) of NOK 3416 million, compared with NOK 3028 million in the corresponding quarter in 2011. The net loss amounted to NOK 1840 million, compared with a loss of NOK 673 million in the fourth quarter of 2011.

Letter of intent regarding the future ownership of power plants in Western Norway

Bergenshalvøens Kommunale Kraftselskap AS (BKK), Statkraft AS, Haugaland Kraft AS, Sunnhordland Kraftlag AS and Sognekraft AS have signed a letter of intent to make changes in the ownership structure of BKK and power plants in Western Norway.

Statkraft AS: Successful issue of Eurobond

Statkraft AS has today successfully issued a EUR 700 million bond with a maturity of 10 years. The issuance was made under the company's existing EMTN programme.

Statkraft to build two additional wind farms in Sweden

Statkraft has decided to build the Björkhöjden and Ögonfägnaden wind farms in Sweden. The work will start immediately, which means that Statkraft will have four major wind farms under development in cooperation with SCA in mid/northern Sweden. Statkraft's investment budget for the two most recent projects is about NOK 5.2 billion.

Statkraft: Norway's Crown Prince opens Sheringham Shoal offshore wind farm

Today His Royal Highness, Crown Prince Haakon of Norway will officially open the Sheringham Shoal offshore wind farm built off the coast of Norfolk, UK, by the owners Statoil and Statkraft.

Tidal Energy Company wins the International Pioneer Award

ANDRITZ HYDRO Hammerfest, (Tidligere Hammerfest Strøm AS), leading tidal energy company, receives the "International Pioneer Award" during the 9th Energy Ocean International Conference & Exhibition held in Boston, USA for their contribution and efforts in exploring marine energy.

Olav Fjell new chair of Statkraft's board of directors

The enterprise general meeting in Statkraft SF has today elected Olav Fjell as the new chair of the board of Statkraft SF. The general meeting in Statkraft AS has then elected Olav Fjell as the new chair of the board of Statkraft AS. The board of Statkraft AS is identical with the board of Statkraft SF.

Explosive material found at nuclear power plant

Inspectors have found an explosive device on a truck at Ringhals nuclear power plant. Authorities raised the security level at all of the country's ten nuclear power plants Wednesday night.

Statkraft boosts output but takes hit from low power prices

Norwegian utility Statkraft boosted its wind output in the first quarter of the year but made less profit from the power it produced, due to lower electricity prices in the Nordic region.

E.ON may build 600MW of wind in Norway with state land manager

E.ON has signed a co-operation deal with state-run Norwegian land management group Statskog that could see the two build 600MW of wind power in the country by 2017.

The election committee's recommendation of members in Norske Skog's governing bodies

The election committee in Norske Skog proposes Siri Beate Hatlen and Karen Kvalevåg as new members of the Board of Directors of Norske Skog. The Board of Directors proposes to the general meeting to discontinue the corporate assembly in Norske Skogindustrier ASA.

AF Group to build substations for Statnett

AF Group (AFG) is nominated as contractor for the construction of 5 substations on the Ørskog-Fardal project.

Statkraft profits drop

Norwegian power company Statkraft's profits dropped year-on year in the fourth quarter due to warmer weather, more rain.

Norske Skog sells excess power

Norske Skog sells back part of its energy contract to Statkraft.

Norske Skog and NTE enter into long-term energy contract

Norske Skog has signed a long-term energy contract with NTE (Nord-Trøndelag Elektrisitetsverk) for the supply of electricity for the paper mill at Skogn.

Safe and good production year at Fortum's Loviisa nuclear power plant

The year 2011 was a safe and good production year at Fortum's Loviisa power plant. There were no incidents reaching the International Nuclear Event Scale (INES) of significant events concerning nuclear or radiation incidents.

Fortum to sell its Estonian electricity sales and transmission company to Imatran Seudun Sähkö

Fortum and Imatran Seudun Sähkö have today signed an agreement according to which Imatran Seudun Sähkö will purchase Fortum Elekter AS, Fortum’s subsidiary in Estonia. In conjunction, Fortum will give up its share of Imatran Seudun Sähkö Oy. The ownership and proprietary rights will transfer from Fortum to Imatran Seudun Sähkö at the turn of the year.

Fortum to sell Fortum Energiaratkaisut Oy and Fortum Termest AS to the EQT Infrastructure Fund

Fortum Corporation, Stock exchange release, 2011-12-19 07:30 CET (GLOBE NEWSWIRE) -- Fortum has agreed to sell Fortum Energiaratkaisut Oy and Fortum Termest AS to the EQT Infrastructure Fund. The total sales price, including net debt, is approximately EUR 200 million.