Statkraft strengthens its international hydropower arms

21.06.13

Statkraft and Norfund have signed an agreement expressing their intention to restructure and prolong their cooperation within renewable energy. The aim is to create a leading international hydropower cluster, based on assets from Statkraft, SN Power and Agua Imara.
 
 


Statkraft will operationally integrate the existing portfolio in South Asia & South America, keeping the ownership structure, while a new SN Power will be created, consisting of existing SN Power’s portfolio in South East Asia and Agua Imara’s portfolio in Africa and Central America. Existing co-owners of Agua Imara will be invited to participate and one or two financial investors will be invited along at a later stage. A separate Project and Construction unit will be established within Statkraft International Hydropower, which shall be a preferred supplier of project and construction execution services to all international hydropower projects within Statkraft and SN Power.
 
“Statkraft’s ambition is to become a leading international company within hydropower. A final agreement with Norfund will further strengthen our industrial role and take advantage of the competence within the Statkraft Group”, says Christian Rynning-Tønnesen, CEO of Statkraft.
 
Source: Statkraft



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