Girish Mahajan (Editor)

Lofotkraft

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Type  Municipal owned
Revenue  NOK 160 million (2006)
Profit  NOK 43 million (2006)
Founded  2003
Area served  Lofoten
Operating income  NOK 58 million (2006)
Headquarters  Svolvær, Norway
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Key people  Arnt Marelius Winther (CEO) Ragnar Johannes Bjørgaas (Chairman)
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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%).

References

Lofotkraft Wikipedia


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