Here you will find the latest news on E-CO.
Here you will find the latest news on E-CO.
When Hafslund E-CO and Eidsiva Energi go together, we get larger and stronger expertise environments within hydropower generation, grid operations and innovative electrification solutions. Hafslund E-CO has significant ownership interests in all three areas. Before the summer it became clear that the companies in the Eidsiva Energi and Hafslund E-CO groups will be merged. This […]Read more
E-CO Energi profited from high power prices in 2018, efficient operations and a high degree of availability on the power plants. This resulted in a record-high net profit for the year of NOK 1 223 million. On 20 June 2018, the Oslo City Council voted to combine the ownership of E-CO Energi Holding AS and […]Read more
Reference is made to the stock exchange announcement of Friday 8 March 2019. Eidsiva Energi and Hafslund E-CO’s boards of directors have now reached an agreement on terms of trade in the draft agreement on the merger of the companies. Should it go ahead, the transaction will result in the following: Hafslund E-CO will become […]Read more
E-CO Energi earned a consolidated net profit in the first half of 2018 (H1) of MNOK 595, up MNOK 168 from H1 2017. The improvement in performance must generally be seen in the light of higher selling prices and the acquisition of Hafslund Produksjon in August 2017. Adjusted for unrealised results on price hedging contracts […]Read more
The Hafslund E-CO group was established 4 July this year. The newly appointed Board og directors appointed Finn Bjørn Ruyter as Chief Excecutive Officer (CEO). The Corporate management has now been appointed. The Hafslund E-CO Corporate Management will be as follows from 1 September: Finn Bjørn Ruyter – CEO Tore Olaf Rimmereid – Deputy CEO and […]Read more
By merging Norway’s second largest electricity generator E-CO Energi and largest power grid operator Hafslund Nett, the City of Oslo has created Norway’s leading integrated power group. Oslo’s City Council formally voted to merge Hafslund and E-CO under a new, wholly owned holding company on 20 June this year. Hafslund E-CO AS was incorporated on […]Read more
The City of Oslo has promoted a proposal to combine the ownership of Hafslund AS and E-CO Energi Holding AS under a new joint parent company that will be 100% owned by the City of Oslo. The proposal was approved by the Oslo City Council on 20 June 2018. Reference is made to the stock […]Read more
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 […]Read more
The City of Oslo has promoted a proposal to combine the ownership of Hafslund AS and E-CO Energi Holding AS under a new joint parent company that will be 100% owned by the City of Oslo. The combined business becomes a significant player in the Norwegian energy industry as Norway’s second largest power producer with […]Read more
As from 3 January 2018, Morten J. Hansen will take over as Acting Chief Financial Officer (CFO) at E-CO Energi AS, succeeding Stine Rolstad Brenna. Morten J. Hansen (52) comes from a position as Finance Director for E-CO Energi AS, a position he has held since E-CO Energi’s acquisition of Hafslund’s power production in 2017. […]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 […]Read more
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. E-CO ENERGI HOLDING AS continues to fund long-term business activities that have a long duration until maturity and offer competitive terms. In connection […]Read more
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. Vamma Power Plant On 26 April 2017, Oslo […]Read more