Auditor-General criticises Dong investment programme

The Auditor-General of Denmark criticises the comprehensive investment programme of Dong Energy for having resulted in increased risks for the Danish state, the Auditor-General’s report shows.

Photo: Lars Krabbe

In a report published on Wednesday, the Auditor-General of Denmark criticises the Danish state’s passiveness surrounding the ownership of Dong Energy in the period of time ranging from January 2008 to the end of 2010. The criticism involves a period of time in which Dong carried out comprehensive investments which were not sufficiently monitored by the Danish Ministry of Finance despite the state’s large shareholding in the energy company.

“The Auditor-General concludes that the Ministry in the final part of this period did not live up to the expectations to the active role of owner taking the comprehensive investments of the company and the risks taken by the company on behalf of its owner into consideration,” the report states.

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