Key people Auke Lont (CEO) Revenue 5.906 billion NOK (2015) Type of business State-owned enterprise | Area served Norway Products Power grid Number of employees 1,226 (2015) Founded 1992 Net income 1.103 billion NOK (2015) | |
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Operating income Subsidiaries Elhub AS, Statnett Transport AS, Statnett Forsikring As, Lyse Sentralnett AS, Nordlink Norge AS, NorGer KS | ||
Auke lont opening statnett eu office brussels 18 november 2010
Statnett is a Norwegian state owned enterprise responsible for owning, operating and constructing the stem power grid in Norway. The company has its headquarters in Oslo, Norway.
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Statnett also owns 30% of the Nord Pool Spot along with other Nordic transmission system operators.
Network
Statnett is the transmission system operator in Norway, operating 11,000 km of high power lines. There are plans to upgrade the western grid from 300 to 420 kV at a cost of 8 billion NOK, partly to accommodate cables to Germany and England.
The power grid in Norway is divided into three sectors: the stem net, the regional net and the local net. While it is often local, municipalities who own the regional and local net, the government through Statnett owns the stem net. The stem net typically has 300 to 420 kilovolts (kV) and is used to transport electricity large distances.
There are a number of international power cables from Norway to abroad, including lines to Sweden (3,600 MW), Finland (120 MW), Russia (50 MW), Denmark (1,700 MW submarine cable Cross-Skagerrak) and the Netherlands (700 MW submarine cable NorNed). Statnett also participates in the NORD.LINK and North Sea Link projects (proposed submarine cables to Germany and England, respectively).
History
Statnett's operations were originally part of Norges vassdrags- og energiverk (NVE). In 1986 NVE was split in an operation company, Statskraftverkene and a directorate, Norges vassdrags- og energidirektorat. Statskraftverkene was split into Statnett (power grid) and Statkraft (production) in 1992.