Varanger Kraft

Infobox Company
company_name = Varanger Kraft AS
company_
company_type = Municipal owned
foundation = 1938
founder =
location = flagicon|Norway Vadsø, Norway
key_people = Åge Andresen (CEO)
Terje Kofoed (Chairman)
area_served = Eastern Finnmark
industry = Power
products =
services =
revenue = profit NOK 314 million (2006)
operating_income = NOK 109 million (2006)
net_income = NOK 101 million (2006)
num_employees = 107 (2007)
parent =
subsid =
homepage = [http://www.varangerkraft.no www.varangerkraft.no]
footnotes =
international = yes

Varanger Kraft is a municipal owned power company that operates four hydroelectric power stations producing 420 GWh per year through the subsidiary Pasvik Kraft, operates the power grid in the seven owner municipalities in Eastern Finnmark with 3,200 km lines and 16,000 customers, as well as retails power through Barents Energi. Head offices are located in Vadsø.

The company is owned by the minicipalities of Sør-Varanger (31.25%), Vadsø (21.88%), Deatnu - Tana (12.50%), Vardø (12.5%), Båtsfjord (9.38%), Berlevåg (6.25%) and Nesseby (6.25%). It operates the power grid in the same municipalities. The four power stations are Gandvik, Melkefoss, Skogfoss and Kongsfjord.

History

The company dates back to 1938. It was made a limited company in 1994, and in 2000 it bought the defunct mining company Sydvaranger, that it later sold to Tschudi Group. In 2003 the company was transformed to a corporate model.