Dong sells gas-fired plant to Statoil

Danish state-owned utility Dong Energy has agreed to sell its entire stake in the 280 MW Energiverk Mongstad gas-fired power plant in Norway to Statoil (OSE: STL).

The deal, which is part of Dong’s ongoing divestment process, is worth around $298m.

Mongstad Power Station

Dong plans to divest non-core activities of a value of $1.75bn in 2013-2014.

"With the divestment of Mongstad, we are taking another significant step

towards the realisation of our financial action plan. We have now divested a total of approx. DKK 9 billion ($1.56bn) of non-core activities." said Henrik Poulsen, CEO of DONG Energy.

For more power generation business news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...