DONG Energy increases its stake in Salten Kraftsamband (SKS) in Northern Norway
by 3.3 per cent to just under 24 per cent. The ownership interest in SKS is
part of DONG Energy's commitment to increase its renewable energy activities.
Besides its direct ownership in SKS, DONG Energy owns 33 per cent of the
hydropower company Narvik Energi in Northern Norway, which has a 15 per cent
stake in SKS via the company Nordkraft.
DONG Energy is purchasing the shares from the company BDF Energi. At the same
time, the shareholders of SKS have decided to change the company's Articles of
Association to establish a balance between ownership interest and influence, to
ensure the basis for the company's future development.
”We have been an owner of SKS for a number of years, and have now been given
the opportunity to increase our holdings in the company and thus our ability to
participate in the company's development. That is in line with our ambitions to
grow our renewable energy activities in Northern Europe”, says CEO Anders
Eldrup, DONG Energy.
In addition to hydropower, DONG Energy participates in the development of wind
energy in Norway, and the company is active within oil and gas production and
exploration and owns just over 10 per cent of Ormen Lange, Norway's second
largest gas field, which was brought on stream on 6 October this year.
Furthermore, DONG Energy is constructing a gas-fired power plant together with
Statoil, with the Norwegian State financing an adjoining plant for CO2 capture.
For further information, please contact:
+45 2484 9725
DONG Energy is one of the leading energy groups in the Nordic region. Our
headquarter is in Denmark. Our business is based on procuring, producing,
distributing, trading and selling energy and related products in Northern
Europe. The company delivered revenue of DKK 36.6 billion in 2006 (approx. EUR
4.9 billion or USD 6.4 billion). DONG Energy has approx. 4,500 employees. For
further information, please visit www.dongenergy.com