Kraftverkene i Øvre Namsen ("The Power Stations in Upper Namsen") or KØN was a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

between the

Norwegian Water Resources and Energy Directorate The Norwegian Water Resources and Energy Directorate ( no, Norges vassdrags- og energidirektorat or NVE) is a Norwegian government agency established in 1921. It is under the Ministry of Petroleum and Energy and regulates the country's water reso ...

(NVE) and

Nord-Trøndelag Elektrisitetsverk Nord-Trøndelag Elektrisitetsverk or NTE is a power company serving Nord-Trøndelag in Norway and owned by Nord-Trøndelag county municipality. NTE is one of the largest producers of electricity in Norway, with an annual production of 3,4 TWh per ...

(NTE). The venture started in 1958 and consisted of three wholly owned

hydroelectric Hydroelectricity, or hydroelectric power, is electricity generated from hydropower (water power). Hydropower supplies one sixth of the world's electricity, almost 4500 TWh in 2020, which is more than all other renewable sources combined and ...

power stations in Norway and a partial ownership in one power station in Sweden, which opened between 1962 and 1965. With the establishment of

Statkraft Statkraft AS is a hydropower company, fully owned by the Norwegian state. The Statkraft Group is a generator of renewable energy, as well as Norway’s largest and the Nordic region's third largest energy producer. Statkraft develops and generates ...

, the NVE's shares were transferred there. In 2004, NTE bought Statkraft's share, and the power production was incorporated into NTE's operations.

References

{{DEFAULTSORT:Kraftverkene i Ovre Namsen Defunct electric power companies of Norway Energy companies established in 1958 1958 establishments in Norway Companies based in Trøndelag Energy companies disestablished in 2004 2004 disestablishments in Norway 2004 mergers and acquisitions