Nord-Trøndelag Elektrisitetsverk

Nord-Trøndelag Elektrisitetsverk

Type	County owned
Industry	Power
Founded	1923
Headquarters	Steinkjer, Norway
Area served	Nord-Trøndelag
Key people	Torbjørn R. Skjerve (CEO) Kolbjørn Almlid (Chairman)
Products	Electricity Broadband District heating
Revenue	NOK 1,809 million (2005)
Operating income	NOK 694 million (2005)
Employees	950 (2006)
Parent	Nord-Trøndelag County Municipality
Website	http://www.nte.no

Nord-Trøndelag Elektrisitetsverk or NTE is a power company serving Nord-Trøndelag in Norway and owned by Nord-Trøndelag county municipality. NTE is one of the largest producers of electricity in Norway, with an annual production of 3,995 GWh per year (2005). In addition the company is a provider of electrical installation and electrical application retailing as well as optic fiber broadband. The company has its headquarters in Steinkjer.

Operations

Power production

NTE operates 22 hydroelectric power plants, two wind farms and one bioenergy plant, totaling an annual electricity production of 3,995 GWh, about 4% of the total electricity production in Norway. The hydro plants are mostly located in Indre Namdal, Meråker, Mosvik and Verran. NTE's largest plant is the one at Tunnsjødal with an annual production of 840 GWh/year. The bioplant is located in Inderøy while the two windmill parks are located at Hundhammerfjellet and Vikna. NTE also owns part of Scanwind, a Norwegian producer of windmills.

Power distribution

NTE owns the power grid in the entire county. Despite the market being deregulated so anyone can purchase from any supplier in the country, NTE has remained a market share of 96%. The ownership and operations of the power grid was transferred to the subsidiary NTE Nett AS in 2006.

Other operations

The company also operates electric retail and installation operations through the chains Expert and Elfag. NTE also owns the plumbing company NTE VVS AS. There are also plans construction a network of primarily optical fiber based broadband supplemented with ADSL to all households in Nord-Trøndelag though the subsidiary NTE Bredbånd AS.

History

Rørvikfoss Power Station in Røyrvik

On June 22, 1919, the County of Nord-Trøndelag decided to found NTE and build a hydroelectric power plant at Follafoss in Verran. In 1923 the power plant started operations. In 1938 NTE made its first acquisition of a municipal power company, Stod electrical works. NTE gradually took over the municipal companies until it owned all the companies by 1989. This was due to a national encouragement from the authorities to create larger, vertical integrated power companies, preferably owned by counties and not municipalities, through the 1970s and 80s. Nord-Trøndelag is the only county that managed to create a fully vertical integrated power company that controlled the entire power grid and all production facilities throughout the entire country, and was wholly owned by the county municipality. The last purchase was Statkrafts ownership in the powerplants in Indre Namdal in 2004. On 5 October 2009, NTE and Østfold Energi announced that they, through their 50–50% joint venture Norsk Vannkraftproduksjon had bought the power stations Siso and Laksola from Elkem for NOK 4.3 billion.^[1]

References

1. ^ Roel, Lars Erik and Ståle Langørgen (5 October 2009). "NTE inngår milliardavtale" (in Norwegian). Adresseavisen. http://www.adressa.no/nyheter/okonomi/article1393734.ece. Retrieved 5 October 2009.