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Statkraft to build 800 MW gas-fired power plant near Cologne, Germany.

Europe Intelligence Wire

| June 27, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Hugin)

(Oslo, 27 June 2005) Statkraft has decided to build and operate a large, modern gas-fired power plant in Knapsack, outside Cologne, Germany. The new plant will give a considerable boost to the Statkraft Group's own, flexible power production in Continental Europe. The Knapsack facility is the second gas-fired power plant that Statkraft is planning in Germany. It will strengthen the group's international power trading activities and establish Statkraft as a power producer also outside Scandinavia.

"The Knapsack gas power plant represents a strategic quantum leap for us in Europe. Control over generating capacity on the Continent will strengthen our power trading activities and give us a firm foundation in a market that is in …

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