NidEnergie
 | |
| Aktiengesellschaft | |
| Industry | Electricity utility |
| Founded | 14 June 1904 |
| Headquarters | Bremen, Nidwalden |
Key people | Eldar Hegge (CEO) |
| Products | Electricity generation and Electric power distribution, renewable energy production, sale and distribution. |
| Revenue | NWC 31,418.7 million (2018) |
| Owner | State of Nidwalden |
Number of employees | 21,314 (2018) |
| Website | www |
NidEnergie is a Nidwaldester state-owned power company, it was created under the Ludwig Mann administration in 1904 reuniting the administration of all the electricity generation plants in Nidwalden, to which later were added the hydroelectric dams. The company was responsible of the change of energy mix since the '80s; today the company produces a 95.9% of its energy from renewable sources, being one of the greener energy producer companies of Astyria.
NidEnergie is one of the most profitable companies in Nidwalden as it holds a monopoly over energy supply and production in the Grand Duchy. The company is leader in renewable energies in the Lorecian continent although its operations are focused in the Nidwaldester market. The company has a workforce of around 21,314 employees and operates the seven dams and wind farms of Nidwalden; since 2008, the company has worked with Valkean Electric and the Lorecian Community setting up one of the largest cars chargers in Astyria and developing new technologies.
The State of Nidwalden is the largest and only shareholder of the company and since 2018, Eldar Hegge is the CEO.
History
First years
NidEnergie was created the 14th of June of 1904 after the Prime Minister Ludwig Mann promulgated the organic law of the company passed unanimously by the Nidwaldester Parliament, creating HEVK (Herzogliche Verwaltung für Energieübertragung und Kraftwerke). Ludwig's motivation to create the company was the Nidwaldester participation in a key industry as it is the energy production and distribution; during the first years of its operation, HEVK reunited under its authority, the operations of the streets lights and first distribution cables in Nidwalden that were most of them, owned by private national, Noordenstaater or Scanonians enterprises. During its initial years of function, the company was regarded as the administrative arm of the state in the generation and distribution of energy to the population and was required to submit annual reports to the Parliament about budget administration, concluded projects and future perspectives.
In 1927, under the Anders Campistegui administration, HEVK was completely separated from the state of Nidwalden and NidEnergie was created as a company owned in its totality by Nidwalden, a year later, the first thermal power station Grand Duke Waleran II was planned with its construction beginning in 1929.