Statkraft SF - Government proposes increased equity capital

Statkraft SF - Government proposes increased equity capital

ID: 49151

(Thomson Reuters ONE) -


Today, the Government proposes to increase the equity capital in Statkraft SF
with NOK 14 billion in its proposal to the Norwegian Parliament (the Storting)
for balancing of the national budget for 2010.

"The Board is very pleased with the Government's support for the company's
strategy. The equity increase will enable Statkraft to strengthen its efforts
both in and outside of Norway," says Chairman of the Board Svein Aaser.

Statkraft is Europe's leader in renewable energy and is represented in more than
20 countries. The Group's power generation in 2009 amounted to 56.9 TWh, while
gross operating revenues were NOK 25.7 billion.

"The Government's proposal will strengthen Statkraft's growth in environmental
and flexible power generation, international hydropower, wind power, in addition
to district heating," says CEO Christian Rynning-Tønnesen.

The capital increase is subject to resolution in the Storting in December. The
amount is proposed to be paid in as an equity capital increase in Statkraft SF,
which will be used to increase the share capital in Statkraft AS.


For further information:
Media spokesperson Knut Fjerdingstad, tel. +47 24 06 71 61 /  +47 901 86 310


This information is subject for the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)




[HUG#1466042]








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originality of the information contained therein.

Source: Statkraft via Thomson Reuters ONE




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Datum: 26.11.2010 - 11:32 Uhr
Sprache: Deutsch
News-ID 49151
Anzahl Zeichen: 2068

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Oslo



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Business News



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