Naturkraft

From Wikipedia, the free encyclopedia

Naturkraft AS
Type Private
Founded 1994
Founder Statkraft
Statoil
Norsk Hydro
Headquarters Tysvær, Norway
Area served Norway
Key people Arne Liverud (CEO)
Bjørn Blaker (Chairman)
Industry Power
Products Electricity
Revenue NOK 0 million (2006)
Operating income NOK 130 million (2006)
Profit NOK 187 million (2006)
Owner Statkraft (50%)
StatoilHydro (50%)
Website www.naturkraft.no

Naturkraft is a a Norwegian power company that operates one natural gas powerd thermal power station located at Kårstø. It also holds a permit to build a second one at Kollsnes. The company is owned by StatoilHydro and Statkraft, with 50% each.

[edit] History

The company was founded in 1994 by Statkraft, Statoil and Norsk Hydro with 1/3 ownership each, though Statoil in 2004 sold its ownership to Statkraft and Norsk Hydro. In 1996 Naturkraft received permission from the Norwegian Water Resources and Energy Directorate to build the two plants, at Kårstø and Kollsnes. In 1997 the permits were confirmed by the Norwegian Ministry of Petroleum and Energy. In 1999 the permit for emissions was granted by the Norwegian Pollution Control Authority, and confirmed by the Norwegian Ministry of the Environment in 2001.

[edit] Controversy

The construction of the two power stations has provoced a huge controversy in Norway, due to the large amounts of carbon dioxide that will be emitted. The Kårstø plant will emmit 1.2 million tonnes of carbon dioxide, or about 2.5% of the total emissions of Norway. Prior to the opening of the Kårstø power station on November 2, 2007 Norways sole domestic production of grid electricity was provided through renewable energy.