Istad
From Wikipedia, the free encyclopedia
| Istad AS | |
|---|---|
 |
|
| Type | Municipal owned |
| Founded | 1918 |
| Headquarters |  Oslo, Norway |
| Area served | Norway |
| Key people | (CEO) Torgeir Dahl (Chairman) |
| Industry | Power |
| Revenue | ▲ NOK 885 million (2006) |
| Operating income | NOK 91 million (2006) |
| Net income | NOK 32 million (2006) |
| Employees | 404 (2007) |
| Website | istad.no |
Istad AS is a power company based in Molde, Norway. The company owns the power grid in the municipalities of Aukra, Eide, Fræna, Gjemnes, Midsund and Molde. It also operates a fiberoptic broadband in Molde.
The company dates back to 1918, and got the present corporate structure in 1981. It is owned by Trondheim Energi (subsidiary of Statkraft, 49%), the City of Molde (41%) and Moldekraft (10%).
