Transcript Generell presentasjon av E

Presentation of
E-CO Energi
Agenda
E-CO Energi's vision:
Working together to
create values through
clean energy
Norway’s second largest power producer
• Owned by the City of Oslo
• Norway’s second largest power producer
with a mean annual production of 10 TWh.
• E-CO owns and operates more than 60
power plants throughout southern Norway
• 170 employees, net profit MEuro 120 (2012)
E-CO
E-CO Energi owns E-CO Vannkraft
and Oslo Lysverker 100 %
Oppland / Hedmark
E-CO owns Oppland Energi 61,4 %, Vinstra
Kraftselskap 66,7 % and
Opplandskraft 40 %
Embretsfossverkene DA
E-CO owns 50%
Uvdal I og II
E-CO owns 10%
Group structure
E-CO ENERGI HOLDING
CITY OF OSLO 100%
E-CO ENERGI
E-CO ENERGI 100 %
OSLO LYSVERKER
E-CO 100 %
EMBRETSFOSSKRAFTVERKENE
E-CO 50 %
VINSTRA
KRAFTSELSKAP
E-CO 66,7 %
OPPLANDSKRAFT
OSLO LYSVERKER 25 %
OPPLAND ENERGI 25 %
ØVRE OTTA
OPPLANDSKRAFT 79 %
OPPLAND ENERGI
E-CO 61,4 %
NORSK
GRØNNKRAFT
E-CO 25 %
Key figures
(Figures in NOK million)
2014
2013
2012
Operating revenue
2 863
3 228
3 251
Operating profit
1 698
2 153
2 175
Ordinary result before taxes
1 491
1 914
1 900
713
876
910
Total assets
16 064
16 269
16 266
Total equity
6 063
6 090
5 964
Return on equity*
12 %
15 %
15 %
Return on total assets**
11 %
13 %
14 %
Power production (GWh)
10 579
10 045
10 779
Profit for the year
* Net profit/average equity
** Ordinary profit before taxes + financial expenses/average total assets
E-CO in the Nordic power-chain
Production
Nord Pool/
Power exchange
• E-CO Energi’s power production
is sold on the wholesale market
• No network business
• No retail business
Network/grid
Retail market/
Consumer
Main area for our facilities
8
Our responsibility in
Hallingdal, Aurland and
Solbergfoss
• 19 hydro power stations
• 46 turbines
• About 230 km watertunnels
• Approx. 2 600 MW installed
capacity
Power facilities in Aurland
1438
1432
1440
St.Vargev.
Svartav.
Nyhellerv.
1450
Millomv.
1477
1442
Store
Kreklev.
N.Berdalsv.
1415
1152
1340
Langav.
Katlav
Vestredalstjern
Aurland III
2x140 (128) MW
350 GWh
1307
Reppav.
1025
Vetlebotnv
Aurland II LF
2x34 MW – 187 GWh
Reppa
Aurland II HF
9 MW – 24 GWh
72 MW – 210 GWh
930
Viddalsvann
Aurland I
3x280 MW – 2100 GWh
55
Vassbygdv.
Leinafoss
Vangen
35 MW – 105 GWh
The Aurland’s fjord
1,4 + 3,4 MW
23 GWh
Power facilities Hol / Usta / Nes
1091
Stolsvann
1091
Mjåvann
Finsevann
Ørteren
1082
1022
Ustekveikja Energi 1215
1147
Ustekveikja
Bergsjø
33 + 3,5 MW
80 GWh
Rødungen
Ørteren
1005
978
Varaldset
Strandevann
Hol I
2x45 MW (Urunda)
2x50 MW (Votna)
712 GWh
995
11 MW
26 GWh
Nygårdsv.
957
985
Rødungen
Ustevann
590
Høvsfjord
Hol II
26 MW
95 GWh
542
Holsfjorden
Lya
2 x 2,7 MW
19 GWh
Kula,
Votna,
Ridøla,
Dokkelva,
Rukkedøla,
Skjerveåni
Hol III
445
2x30 MW
228 GWh
The Stranda fjord
Nes
4x62,5 MW
1330 GWh
Usta
2x90 MW
780 GWh
Power facilities Hemsil
1124
Vavann
1109
Flævann
Gjuva
10 MW
30 GWh
Brekkefoss
1,6 MW
9 GWh
Hemsil I
2x35 MW
293 GWh
567
The Eikrebekk dam
Hemsil II
2x49 MW
552 GWh
Current investments in
new power production
•
•
•
•
•
•
•
•
•
•
Hol 1 (Hol) - 15 GWh
Brekkefoss (Hemsedal) – 8 GWh
Rosten (Sel) - 180-200 GWh
Nedre Otta (Sel) – 350 GWh
Mork (Lærdal) - 90 GWh
Rendalen – 70 GWh
Låvi (Aurland) – 350 GWh/480 MW
Hemsil III (Gol) – 130 GWh
Embretsfoss (Modum) – 120 GWh
Øvre Vinstra (Nord-Fron) – 14 GWh
10 GWh = 500 housholds
New power projects
Project
New power
(GWh)
New
capacity
(MW)
E-CO’s
share
(%)
E-CO’s share
(GWh)
Investments (NOKM)
Status
Power devel. projects
Aurland
235
530
93 %
219
1.800
Under development
Power devel. projects
Hol
85
175
100 %
85
1.500
Under development
Hol I
15
32
100 %
15
240
Hemsil III
130
93
100 %
130
750
Commissioned
2009-12
Under development
Mork
91
37
67 %
61
190
Embretsfoss
130
50
50 %
65
360
Rendalen
50
70
40 %
28
180
Nedre Otta
350
80-95
20 %
70
230
Rosten
166
86
61 %
102
340
Øvre Vinstra
14
40 %
6
Upgrading
Norsk Grønnkraft –
several projects
appr. 400
appr. 120
21 %
90
New power plants
Different stages
Other projects
appr. 900
appr. 300
40 %
360
Several categories
Under development
Total
appr. 2 500 appr. 1 500
appr. 1 200
Expected
construction 20122015
Under construction
2010-2013
Under construction
2009-2012
Reported to
authorities 2009
License application
submitted 2009
License application
submitted 2009
Brief about energy in
Norway
•
•
•
•
•
•
Major non-OPEC source of oil.
Norway is a major world supplier
of oil and natural gas, especially
to the European Union.
The third-largest net oil exporter
in the world.
The second-largest supplier of
natural gas to continental
Europe.
Has little coal production or
consumption.
Almost all of Norway’s electricity
supply comes from hydroelectric
generation.
The second-highest energy
intensity in the OECD
Norwegian hydro production
(Normal year = average 70-99)
• 2009/2010
123 TWh
• 2010/2011
124 TWh
• Approved, not yet built
3,5 TWh
• Pending approval
• Plans
6,3 TWh
3,9 TWh
• However, a large uncertainty of feasibility, due to factors like grid connection,
environmental impacts, licensing bottlenecks etc.
• Total theoretical new hydro potential is about 80 TWh
• Out of this, 46 TWh is protected
16
Norwegian Net Exhange
600
2005
2006
2007 2008
2009
2010
400
Imports (+),
Exports (-)
2005 -12 TWh
2006 1 TWh
2007 -10 TWh
2008 -14 TWh
2009 -9 TWh
2010
8 TWh
GWh
200
0
-200
-400
-600
Denmark
17
Finland
Sweden
Holland (from week 17, 2008)
Hydropower in E-CO and
environmental impact
18
Environmental impact
• E-CO’s power production is based
on renewable sources, virtually free
of emissions of greenhouse gasses
• Emissions from one of E-CO’s power
plants are typically about 0.15 kg
CO2/MWh (construction included)
• Emissions from an average
European (EU-15) power plant is
526 kg CO2/MWh
• Since 2002 E-CO has increased the
production with approx. 500 GWh
• The target is 1000 GWh
• That equals the yearly emissions
from approx. 200 000 cars
Solution to CO2 problems?
• Integrated European markets
• Substituting continental thermal
generation
• Integrating more intermittent
renewable power generation
• Sufficient storage and capacity
• Electrifying transport
20
Green certificates
• Common Norwegian/Swedish agreement to build 26,4 TWh new
power within 2020 through green certificates
• Consumers of electric power are committed to buy certificates
• Both new projects and upgrading of existing power plants which
brings more energy to the market are included
• Start up 1. January 2012
- Equally ambitious commitment, ie. 13,2 TWh in each
country
- Technology Neutrality
- Implementation of strategic transmission lines
Norway as a battery for Europe
Wind power can be
balanced with Norwegian
hydro power or local gas
power
Market challenge
Large degree of wind power will result in price fluctuations
Amount of hours with 0price
Number of Zero Prices
1800
1600
185
0
1566
466 1584
224
241
Kilde: Econ Pöyry analyse
23
Reference
1400
1200
Wind
1000
800
600
400
200
0
ZEA
JUT
NO
(South)
SE
(South)
FIN
DE
NL
Hydro power is a
part of the climate
solution
Thank you for your attention!
BE A SUPPORTER OF HYDRO POWER