E-CO Energi AS
P. O. Box 1050 Sentrum
0104 Oslo
Norway
Visiting address:
C. J. Hambros plass 2 C, Oslo
Tel: + 47 24 11 65 00
Fax: + 47 24 11 65 01
E-mail: energi@e-co.no
Strong performance for E-CO Energi in 2017
2017 was a very good year for the E-CO Energi Group. Smooth operations, high production availability, successful production management and higher actual power prices, as well as the acquisition of Hafslund Produksjon, contributed to a net profit for the year of MNOK 1 038. Through the acquisition of Hafslund's hydropower production activities, E-CO Energi strengthened its position as Norway's second largest hydropower producer, increasing its mean production to some 14 TWh. The Board of Directors proposes a dividend of MNOK 650.