Aberdeenshire Council today approved an application by a Scandinavian consortium for an electricity converter station and underground cables near Peterhead.
Search the site
P. O. Box 255 Sentrum
C. J. Hambros plass 2 C, Oslo
Tel: + 47 24 11 69 00
Fax: + 47 24 11 69 01
Norway's second largest producer of hydroelectricity
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.
|The Raudal reservoir in Øvre Otta|
E-CO Energi is Norway's second largest producer of hydroelectricity with a mean annual production of 9.7 TWh and a production capacity of approx. 2 800 MW. READ MORE
Press release 05/15
The profit after tax came to MNOK 350, up MNOK 51 from H1 2014. The increase is due to higher production. As a result of hedging, the actual selling price was 27 per cent higher than the area price in H1.
Press release 04/15
E-CO reported a profit after tax of MNOK 305 in Q1 2015, compared with MNOK 285 in Q1 2014. The actual selling price was lower than last year, but a larger production volume more than offset the decline in prices. Hedging had a positive effect, entailing that the selling price was 13 per cent higher than the area price in southern Norway.