Troms Kraft

Troms Kraft is a power company that operates twelve hydroelectric power plants and the power grid in fifteen municipalities in Troms, Norway. The retail division has 100,000 customers and traded 5 TWh of electricity in 2006, in addition to 40 GWh of district heating. Upon demerger on 1 January 2009, parts of Troms Kraft Marked AS were merged with Ishavskraft AS; Troms Kraft AS owns 50% of Ishavskraft AS.[1] The company operates a fiberoptic broadband service in Tromsø. The company is also planning to construct Fakken windfarm.

Troms Kraft AS
TypeMunicipal owned
IndustryPower
Founded5 December 1997 Edit this on Wikidata
HeadquartersTromsø, Norway
Key people
Semming Semmingsen (CEO)
Inge K. Hansen (Chairman)
RevenueIncrease NOK 2,650 million (2006)
NOK 285 million (2006)
NOK 124 million (2006)
Number of employees
433 (2007)
ParentTroms County Municipality (60%)
City of Tromsø (40%)
Websitetromskraft.no

Semming Semmingsen has held the role of CEO since June 2012.

Subsidiaries

The subsidiaries of the company, includes Kraft & Kultur AB.[2]

Court case

On 22 November 2011, Troms Kraft announced that discrepancies had been discovered in the accounts of the subsidiary Kraft & Kultur in Sweden of between 1.2 and 1.8 billion Swedish kronor. The case is being investigated by the Swedish Economic Crime Authority (Økokrim) and the former leader of Kraft & Kultur was remanded in custody. In May 2012, an auditor's report concluded that the company's revenues had been inflated by approx. NOK 1.5 billion by means of accounting manipulation.[3]

In September 2013, an investigation report was presented which had taken two years to prepare, which concluded that the loss could have been avoided.

References
  1. "forente krefter - Ishavskraft". 2009-08-08. Archived from the original on 8 August 2009. Retrieved 2022-06-20.
  2. Norli, Kristin, (Suspects the cheating of billions in Norwegian owned power company — Troms Kraft reports subsidiary in Sweden to police for fraud relating to bookkeeping)"Mistenker milliardjuks i norskeid kraftselskap — Troms Kraft politianmelder svensk datterselskap for regnskapsjuks."
  3. "Granskning av Kraft & Kultur Sverige AB" (PDF). Archived from the original (PDF) on 3 January 2015. Retrieved 2022-06-20.


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