Industry Power Headquarters Steinkjer, Norway Number of employees 950 (2006) Area served Nord-Trøndelag | Operating income Founded 1923 Type of business Aksjeselskap | |
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Key people CEO/President: Christian Stav
Chairman of the Board of Directors: Bjørnar Skjevik Products Electricity
Broadband
District heating Revenue NOK 1,809 million (2005) Parent Nord-Trøndelag County Municipality CEO Christian Stav (1 Jul 2012–) Subsidiaries Industrikraft Midt-Norge, NTE Nett AS, NTE Energi AS, Nte Bredbånd As, Nte Marked As | ||
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 3,4 GWh per year (2013). 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.
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Power production
NTE operates 22 hydroelectric power plants, two wind farms and one bioenergy plant, totaling an annual electricity production of 3,4 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.
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 construct a network of primarily optical fiber based broadband supplemented with ADSL to all households in Nord-Trøndelag though the subsidiary NTE Bredbånd AS.
History
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.