Hafslund ASA

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Hafslund ASA
Type	Public (OSE: HNA)
Founded	1898
Headquarters	Oslo, Norway
Area served	Norway
Key people	Christian Berg (CEO) Christian Nicolay Brinch (Chairman)
Industry	Power
Revenue	▲ NOK 21,679 million (2006)
Operating income	NOK 12,471 million (2006)
Net income	NOK 11,651 million (2006)
Employees	2,418 (2007)
Website	www.hafslund.no

Hafslund (OSE: HNA) is a Norwegian power, security and venture capital company. The company owns the power grid and district heating in Oslo as well as nine hydroelectric power plants. Hafslund is the largest owner of power grids and the largest end-user seller of electricity in Norway. Hafslund also owns 21% of Renewable Energy Corporation. Though being listed on the Oslo Stock Exchange, the City of Oslo retains a 54% ownership in Hafslund while Fortum owns 34%.

[edit] History

The Hafslund corporation was founded in 1898 and in 1899 it bought the Hafslund farm that had the rights to the waterfall Sarpsfossen in Glomma. In 1986 the group bought Actinor with its subsidiary Nycomed creating the new company Hafslund Nycomed. In 1996 the company was demerged with Nycomed focusing on pharmacy and Hafslund on energy. In 2001 Hafslund entered the security sector by buying a number of alarm- and security companies. The same year the power company Oslo Energi was bough, as was Tindra Energi a year later, the two creating Hafslund Strøm in 2003. Hafslund and Viken Energinett, that operated the power grid in Oslo, were merged in 2002. In 2007 Hafslund also bought Viken Fjernvarme that operated the district heating in Oslo. Both Oslo Energi, Viken Energi and Viken Fjernvarme were owned by the City of Oslo.