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), one hydropower asset under construction (Tidong) and one solar power project under construction (Nellai). All three hydro power assets are located in the state of Himachal Pradesh and the solar project is located in the state of Tamil Nadu.
We are executing a 150 MW hydro project at Tidong in the state of Himachal Pradesh which is expected to be commissioned in 2022. Another 150 MW of solar projects are under construction and development in the state of Tamil Nadu and the first of these projects, which is a 76 MW project at Nellai will come online in Q2 of 2022. We are also looking to develop wind-solar hybrid and standalone solar and wind projects in other parts of the country.
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. We are also pursuing various new business initiatives to further widen the range of Market Access services for our customers in India.
Leveraging on our global experience in hydro power energy management, we offer electricity generation and revenue maximisation solutions to hydropower projects.
- Present in India since 2004
- Two operational hydropower plants
- One hydropower plant under construction
- Installed capacity of approximately 300 MW
Why we go nuts in India
In Himachal Pradesh in India, Statkraft is well under way with the construction of the Tidong hydropower plant, where the surrounding nature requires special attention. Not least, it is about protecting endangered pine trees with sought-after pine nuts that provide important income for the local population.