Troms Kraft
| Company type | Municipal owned |
|---|---|
| Industry | Power |
| Founded | 5 December 1997  |
| Headquarters | Tromsø, Norway |
Key people | Semming Semmingsen (CEO) Inge K. Hansen (Chairman) |
| Revenue |  NOK 2,650 million (2006) |
| NOK 285 million (2006) | |
| NOK 124 million (2006) | |
Number of employees | 433 (2007) |
| Parent | Troms County Municipality (60%) City of Tromsø (40%) |
| Website | tromskraft.no |
Troms Kraft is a power company that operates twelve hydroelectric power plants and the power grid in fifteen municipalities in Troms, Norway. The retail division has 100,000 customers and traded 5 TWh of electricity in 2006, in addition to 40 GWh of district heating. Upon demerger on 1 January 2009, parts of Troms Kraft Marked AS were merged with Ishavskraft AS; Troms Kraft AS owns 50% of Ishavskraft AS.[1] The company operates a fiberoptic broadband service in Tromsø. The company is also planning to construct Fakken windfarm.
Semming Semmingsen has held the role of CEO since June 2012.
Subsidiaries[edit]
The subsidiaries of the company, includes Kraft & Kultur AB.[2]
Court case[edit]
On 22 November 2011, Troms Kraft announced that discrepancies had been discovered in the accounts of the subsidiary Kraft & Kultur in Sweden of between 1.2 and 1.8 billion Swedish kronor. The case is being investigated by the Swedish Economic Crime Authority (Økokrim) and the former leader of Kraft & Kultur was remanded in custody. In May 2012, an auditor's report concluded that the company's revenues had been inflated by approx. NOK 1.5 billion by means of accounting manipulation.[3]
In September 2013, an investigation report was presented which had taken two years to prepare, which concluded that the loss could have been avoided.
References[edit]
- ^ "forente krefter - Ishavskraft". 2009-08-08. Archived from the original on 8 August 2009. Retrieved 2022-06-20.
- ^ Norli, Kristin, (Suspects the cheating of billions in Norwegian owned power company — Troms Kraft reports subsidiary in Sweden to police for fraud relating to bookkeeping)"Mistenker milliardjuks i norskeid kraftselskap — Troms Kraft politianmelder svensk datterselskap for regnskapsjuks."
- ^ "Granskning av Kraft & Kultur Sverige AB" (PDF). Archived from the original (PDF) on 3 January 2015. Retrieved 2022-06-20.
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