Istad

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%).