Hafslund (company)
 | |
| Type | Public (OSE: HNA) |
|---|---|
| Industry | Power |
| Founded | 1898 |
| Headquarters | Oslo, Norway |
| Area served | Norway |
| Key people | Finn Bjørn Ruyter (CEO) |
| Revenue | NOK 10,670 million (2009) |
| Operating income | NOK 1,231 million (2009) |
| Net income | NOK 213 million (2009) |
| Total assets | NOK 28,997 million (2009) |
| Employees | 1200 (2012) |
| Website | www.hafslund.no |
Hafslund ASA is a Norwegian power 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. Though being listed on the Oslo Stock Exchange, the City of Oslo retains a 53% ownership in Hafslund while Fortum owns 34%.
Operations
Hafslund is organised into four business areas:
- Production
- Heat
- Networks
- Markets
Production covers the Group’s hydropower production.
Heat is responsible for all assignments connected to the Group’s heating and district heating activities.
Networks administers the Group’s grid activities.
Markets is responsible for power sales to the retail and business market, the customer service centre and invoicing services.
Hafslund has in addition these group function areas:
- Finance
- Corporate communications and Public affairs (PR)
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 bought, 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.
In 2008 Hafslund sold the security operations to Securitas Direct and divested its business areas of building and operation of infrastructure into Infratek.