Lofotkraft

Lofotkraft Holding AS
Type	Municipal owned
Founded	5 December 2003
Headquarters	Svolvær, Norway
Area served	Lofoten
Key people	Arnt Marelius Winther (CEO); Søren Fredrik Voie (Chairman)
Revenue	NOK 160 million (2006)
Operating income	NOK 58 million (2006)
Net income	NOK 43 million (2006)
Owner	Six municipalities
Website	www.lofotkraft.no

Lofotkraft is a power company that operates the power grid in Lofoten, Norway as well as ten hydroelectric power plants through the subsidiary Lofotkraft Produksjon. Since 1998 retailing of power has been managed by Kraftinor, a joint venture with Narvik Energi. It also owns half of Lofotkraft Vind, along with Narvik Energi.

The company is owned by the six municipalities it operates the power grid in, Vestvågøy (41%), Vågan (41%), Flakstad (6.5%), Moskenes (6.5%), Værøy (3%) and Røst (2%).

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