Sydkraft AB is a power company headquartered in
Malmö
Malmö (, ; da, Malmø ) is the largest city in the Swedish county (län) of Scania (Skåne). It is the third-largest city in Sweden, after Stockholm and Gothenburg, and the sixth-largest city in the Nordic region, with a municipal pop ...
, Sweden. It is a subsidiary of the international energy group
Uniper
Uniper SE juːnipɚis an energy company based in Düsseldorf, Germany. The name of the company is a portmanteau of "unique" and "performance" given by long-term employee Gregor Recke. Uniper was formed by the separation of E.ON's fossil fuel ...
for operations in Sweden. The company is engaged in the generation of thermal, nuclear, and hydro power. The history of Sydkraft reaches back to 1906; however, the current company was created as a result of the split of Uniper from another international energy group
E.ON.
History
Sydkraft was founded in 1906 as Sydsvenska Kraftaktiebolaget with August Schmitz as CEO. Originally, the company was producer of hydroelectricity. In 1915, in cooperation with the Swedish and Danish electricity grids, Sydsvenska Kraftaktiebolaget participated in the construction of ''Öresundskabeln'', the first electricity interconnection between Sweden and Denmark.
In the 1970s, the company moved into production of nuclear power. In 1971, the
Oskarshamn Nuclear Power Plant
The Nuclear power station Oskarshamn is one of three active nuclear power stations in Sweden. The plant is about north of Oskarshamn, directly at the Kalmarsund at the Baltic Sea coast and with one active reactor, producing about 10% of the el ...
was commissioned, with Sydsvenska Kraftaktiebolaget as major shareholder. In 1977, the company changed its changed name to Sydkraft.
The majority shareholding in Sydkraft AB was acquired in 2001 by
E.ON in a deal valued at US$6.5 billion. In 2004, Sydkraft bought the Swedish energy company Graninge. On 16 September 2005, Sydkraft AB changed its corporate name to E.ON Sverige.
[
] In 2006, E.ON Sverige sold its
broadband network
The ideal telecommunication network has the following characteristics: broadband, ''multi-media'', ''multi-point'', ''multi-rate'' and economical implementation for a diversity of services (multi-services). The Broadband Integrated Services Digital ...
to
Tele2
Tele2 AB is a Swedish telecommunications operator headquartered in the Kista Science City, Stockholm, Sweden. It is a major telephone operator in Sweden, Russia, Estonia, Latvia and Lithuania. Tele2 also has a 25% share in T-Mobile Netherland ...
.
On 24 July 2008, Statkraft AS and E.ON AG signed a final agreement on asset swap, according to which E.ON acquired Statkraft's 44.6% of shares in E.ON Sverige by exchange of assets worth of €4.5 billion.
[
] After split of Uniper from E.ON, E.ON Sverige's thermal, nuclear and hydro power generation was given to Uniper while renewable energy (except hydro), services, distribution, and retail sale remained in E.ON Sverige. Uniper readopted the name Sydkraft for its operations in Sweden.
Operations
Sydkraft AB is involved in the generation of thermal, nuclear and hydro power through its subsidiaries. Its wholly owned subsidiaries are Sydkraft Nuclear Power AB, Sydkraft Hydro Power AB, Sydkraft Thermal Power AB, and Barsebäck Kraft AB. It also owns majority stake in
OKG AB
OKG AB (''Oskarshamns Kraftgrupp AB'') is a Swedish corporation who owns and operates the Oskarshamn Nuclear Power Plant. It is majority owned by Sydkraft.
The three reactors, Oskarshamn 1–3, manufactured by ASEA Atom, were put into operation ...
.
See also
*
Vattenfall
*
Anders Björgerd
References
{{Authority control
E.ON
Electric power companies of Sweden
Uniper
Nuclear power companies of Sweden
Electricity retailers in Sweden
Companies based in Malmö