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- Torstein Dale Sjøtveit (born 10 May 1955) is a Norwegian business executive. Torstein is currently executive chairman of Freyr AS, a Norwegian company aiming at establishing a 32 GWh Giga factory for lithium battery cells in Mo I Rana Norway. He served AS the chief executive officer (CEO) of East Malaysia-based Sarawak Energy (SEB), a position he has held from November 2009 inntil November 2016. He led the state-owned, fully integrated utility company, responsible for development, generation, transmission, distribution and retail of electricity, to serve more than 500,000 customers throughout the State of Sarawak. Prior to joining Sarawak Energy, Torstein was the president and CEO of Europe's biggest shipbuilding group, Aker Yards ASA/STX Europe ASA. He was awarded the Pingat Panglima Gemilang Bintang Kenyalang (P.G.B.K) (Grand Commander of the Order of the Star of Hornbill Sarawak), by the Governor of Sarawak, in recognition of his contributions to Sarawak. This award carries the title of Datuk. Torstein has also been a Director on the Board of the International Hydropower Association since 2011. In the period since Torstein commenced as CEO, Sarawak Energy has experienced significant business growth, with:
* sales of electricity (volume), up 120 per cent,
* revenue, up 70 per cent; and
* profit before tax, up by 75 per cent. Over the same period, the rate of power theft in Sarawak has been reduced by half, and Sarawak Energy's distribution network has the best ever performance in the System Average Interruption Duration Index (SAIDI), moving from an average duration of 419 minutes per year, per customer in 2002, to 168 minutes per year, per customer in 2013. (en)
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