Statkraft entered the Indian power market through its subsidiary SN Power in 2004 when it acquired 49 per cent of the shares in Malana Power Company Limited (MPCL). Statkraft was then the first foreign investor in the Indian hydropower sector.
Our energy generation portfolio in India includes two operating hydropower assets (Allain Duhangan and Malana) and one hydropower asset under construction (Tidong). All three assets are located in the state of Himachal Pradesh.
Statkraft ventured into solar in India in 2015 and currently owns and operates five solar assets spread across the country to cater to the needs of the industrial and commercial customers under the OPEX model.
Statkraft Markets Pvt. Ltd. was established in Delhi in 2011. The company holds a Category-1 inter-state trading license that allows us to trade unlimited volumes of electricity through customised product and service offerings. The customers of this business range from producers of electricity to large industrial and commercial companies and utilities.
Leveraging on our global experience in hydro power energy management, we offer electricity generation and revenue maximisation solutions to hydropower projects. We also operate as a Qualified Coordinating Agency for Forecasting, Scheduling and Settlement Service (FSS) offered to Renewable Energy Projects and we are currently operating India’s single largest renewable energy virtual power pool of more than 3.5 GW with a pan India portfolio of more than 7 GW.