EnergyWatch

Election battle unleashes great uncertainty about Statkraft's future

The Norwegian energy company could become partly privatized if the Norwegian government remains in power after Monday's election. The governing party Høyre wants to partially privatize foreign assets.

Statkraft is active in hydro power plants around the world.

With just a few days remaining before the Norwegians take to the voting booths to elect the country's government for the next four years, the future of the country's largest energy company, Statkraft, has become a center-stage issue amidst the election campaign.

Statkraft, which is fully state-owned, could face a partial privatization if the governing party Høyre returns to power. Høyre first included the proposal in its election campaign, and now the case has exploded into a major issue in the Norwegian election battle after several unions took to business media E24 to raise concerns about the extent to which the plans would lead to a weakening of Statkraft.

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