E-CO Energi AS
C. J. Hambros plass 2C, Oslo
Post- og fakturaadresse:
E-CO Energi AS
Postboks 1050 Sentrum
Tlf: 24 11 65 00
E-CO i sosiale medier:
E-CO Energi is one of Norway's leading energy groups. Its core activities are the ownership and management of hydropower plants and development of new renewable power projects. The City of Oslo owns 100 % of the parent company, E-CO Energi Holding AS.
E-CO Energi is Norway's second largest producer of hydroelectricity with a mean annual production of nearly 13 TWh and a production capacity of approx. 3 350 MW. READ MORE
E-CO Energi earned a consolidated net profit of MNOK 332, up MNOK 39 from H1 2016. Operating revenues climbed by MNOK 59, as higher sales prices more than compensated for lower power production. E-CO Energi concluded an agreement for the acquisition of 90 per cent of the shares in Hafslund once business activities other than hydropower production had been demerged. Such an acquisition will boost E-CO Energi's power production from 10 TWh to approximately 13 TWh.
In connection with the purchase of the shares in Hafslund's hydropower production, E-CO Energi Holding AS raised new loans valued at NOK 2.8 billion on the US capital market for private placements.
Today, E-CO Energi acquired 90 per cent of the shares in Hafslund ASA. All activities other than hydropower production were demerged from Hafslund ASA. The acquisition entails a strengthening of E-CO Energi's position as Norway's second largest hydropower producer with a mean production of nearly 13 TWh.