Eidsiva Energi

Eidsiva Energi is a Norwegian energy company based in Hamar with large sections of Oppland and Hedmark as core market, and is the largest producer, distributor and trader of electricity in both counties. The corporation had a revenue of NOK 3.5 billion and market capitalization of NOK 9 billion in 2006. It is owned by Hedmark County as well as by 25 municipalities.

Eidsiva Energi AS
TypeMunicipally owned
IndustryEnergy
Founded2000
HeadquartersHamar, Norway
Area served
Hedmark
Oppland
Key people
Øistein Andresen (CEO)
Pål Egil Rønn (chair)
ProductsHydroelectricity
RevenueIncrease NOK 3,500 million (2006)
Number of employees
1,000 (2007)
Websitewww.eidsiva.no
Corporate headquarters in Hamar

The corporation is decentralised and has ten division offices in the two counties, while the head office is located in downtown Hamar, while the customer centre is located in Kongsvinger. It has 163,000 power- and grid customers as well as an electricity production of 3.2 TWh, all hydroelectricity, from 20 wholly owned and 24 partially owned power plants. It also operates 20,000 kilometers of power grid including 10,000 net stations and transformers. It also holds a 39.6% stake in Moelven Industrier.

History

The company was established in July 2000 when Lillehammer og Gausdal Energiverk and Hamar-regionen Energiverk merged their respective grid- and trade divisions. On June 6, 2001 Eidsiva Energi and Hedmark Energi merged their grid- and trade divisions. On April 15, 2004 the three lower companies merged and thus creating one large corporation called Eidsiva energi Holding AS that included industrial investments and energy production. On April 28, 2005 the company bought Mjøskraft and Mjøskraft Strøm from Hafslund and changed its name to Eidsiva Energi AS in December. In September 2006 it took over the power plants from Vannkraft Øst and Oppland Energi.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.