Hafslund ASA
Encyclopedia
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. Hafslund also owns 11,5% of Renewable Energy Corporation
. Though being listed on the Oslo Stock Exchange
, the City of Oslo
retains a 53% ownership in Hafslund while Fortum
owns 34%.
Production Production covers the Group’s hydropower production.
Heat Heat is responsible for all assignments connected to the Group’s heating and district heating activities.
Networks comprises the power grid distribution and system control center.
Markets comprises electricity sales to private and business customers.
Venture comprises investment activities and implements the development of new business opportunities. Hafslund Telekom which provide telecom services is a part of Venture.
Hafslund has in addition three group function areas:
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
. Hafslund owns 43.3 % in Infratek
.
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
power
Power Company
The Power Company was a team of professional superheroes-for-hire in the DC Comics universe. The team, created by Kurt Busiek and Tom Grummett, first appeared in JLA 61,...
company. The company owns the power grid and district heating
District heating
District heating is a system for distributing heat generated in a centralized location for residential and commercial heating requirements such as space heating and water heating...
in Oslo
Oslo
Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...
as well as nine hydroelectric power plants
Hydroelectricity
Hydroelectricity is the term referring to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. It is the most widely used form of renewable energy...
. Hafslund is the largest owner of power grids and the largest end-user seller of electricity in Norway. Hafslund also owns 11,5% of Renewable Energy Corporation
Renewable Energy Corporation
The Renewable Energy Corporation is a solar power company with headquarters in Norway. REC produces silicon materials for photovoltaics applications and multicrystalline wafers, as well as solar cells and modules...
. Though being listed on the Oslo Stock Exchange
Oslo Stock Exchange
The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...
, the City of Oslo
Oslo
Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...
retains a 53% ownership in Hafslund while Fortum
Fortum
Fortum Oyj is a Finnish publicly listed energy company, which focuses on the Nordic and Baltic countries, Poland and the north-west of Russia. After acquisition of Russian energy company TGC-10 in year 2008, Western Siberia has become an important operating area for Fortum. The head of the company...
owns 34%.
Operations
Hafslund is organised into five business areas:- Production
- Heat
- Networks
- Markets
- Venture
Production Production covers the Group’s hydropower production.
Heat Heat is responsible for all assignments connected to the Group’s heating and district heating activities.
Networks comprises the power grid distribution and system control center.
Markets comprises electricity sales to private and business customers.
Venture comprises investment activities and implements the development of new business opportunities. Hafslund Telekom which provide telecom services is a part of Venture.
Hafslund has in addition three group function areas:
- Finance
- Communications and Corporate social responsibility (CR)
History
The Hafslund corporation was founded in 1898 and in 1899 it bought the Hafslund farm that had the rights to the waterfall SarpsfossenSarpsfossen
Sarpsfossen is a waterfall in Sarpsborg, Norway It is the last waterfall in the river Glomma, which is the longest river in Norway.Sarpsfossen has the greatest flow of any waterfall in Europe...
in Glomma
Glomma
The Glomma or Glåma is the longest and largest river in Norway. The long river has a drainage basin that covers a full 13% of Norway's area, all in the southern part of Norway.-Geography:...
. In 1986 the group bought Actinor with its subsidiary Nycomed
Nycomed
Nycomed is a European pharmaceutical company. Nycomed is privately owned primarily by the two private equity investors Nordic Capital and CSFB Alternative Capital. Production is located in Norway, Denmark, Poland, Austria, Belgium, Germany, Estonia India, Mexico, Brazil and Argentina. Head office...
creating the new company Hafslund Nycomed
Hafslund Nycomed
Hafslund Nycomed is a defunct company that existed between 1986 and 1996 after the power and industry company Hafslund had bought the pharmaceutical company Nycomed. The company was listed on the Oslo Stock Exchange. In 1996 it was demerged and Nycomed merged with the British pharmaceutical company...
. In 1996 the company was demerged
Demerger
Demerger is a form of corporate restructuring in which the an entity's business operations are segregated into one or more components. It is the converse of a merger or acquisition....
with Nycomed focusing on pharmacy
Pharmacy
Pharmacy is the health profession that links the health sciences with the chemical sciences and it is charged with ensuring the safe and effective use of pharmaceutical drugs...
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
Securitas
In Roman mythology, Securitas was the goddess of security and stability. especially the security of the Roman Empire. . On coinage Secuitas was usually depicted leaning on a column....
and divested its business areas of building and operation of infrastructure into Infratek
Infratek
For the Nordic company, see Infratek .Infratek is a system for removing ice from aircraft using heat .Infrared panels powered by natural gas are installed inside a big hangar-like tent with openings in both ends. When the aircraft is inside, the infrared rays will melt the ice off its wings and body...
. Hafslund owns 43.3 % in Infratek
Infratek
For the Nordic company, see Infratek .Infratek is a system for removing ice from aircraft using heat .Infrared panels powered by natural gas are installed inside a big hangar-like tent with openings in both ends. When the aircraft is inside, the infrared rays will melt the ice off its wings and body...
.