Industry Power Revenue 885 million kr (2006) Net income 32 million kr (2006) Founded 1918 Type of business Municipal owned | Operating income Number of employees 404 (2007) | |
Key people (CEO)Torgeir Dahl (Chairman) | ||
Istad AS is a power company based in the town of Molde in Møre og Romsdal county, Norway. The company owns the power grid in the municipalities of Aukra, Eide, Fræna, Gjemnes, Midsund, and Molde. It also operates a fiberoptic broadband in Molde. The company owns a 25% stake in the power plants on the river Driva.
The company dates back to 1918, and got the present corporate structure in 1981. It is owned by Trondheim Energi (subsidiary of Statkraft, 49%), Molde Municipality (34%), and Moldekraft (17%).
References
Istad Wikipedia(Text) CC BY-SA