E-CO Energi Holding as
P. O. Box 255 Sentrum
0103 Oslo
Norway
Visiting address:
C. J. Hambros plass 2 C, Oslo
Tel: + 47 24 11 69 00
Fax: + 47 24 11 69 01
E-mail: energi@e-co.no
Annual performance for 2013: Normal good year for E-CO Energi
2013 was yet another good year of operations for E-CO Energi, as both operating revenues and earnings before tax were on a par with 2012. Successful hedging, good production planning and operations that maintained high power plant availability contributed to E-CO Energi's strong performance. The Group's reservoirs were at normal levels early in the year and, despite dry, cold late winter months, the spring brought abundant precipitation and the rest of the year was normal. Production ended at 10.0 TWh, compared with 10.8 TWh in 2012. Two new power plants, Embretsfoss 4 and Rendalen 2, were commissioned in 2013. The Board of Directors proposes a dividend of MNOK 750 for 2013.
