Hydropower Generation

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 is currently involved in two significant hydropower plants in India- Malana and Allain Duhangan, and was the first foreign investor to enter the hydropower section in the country.

Statkraft has an exclusive partnership agreement with Tata Power to jointly develop hydropower projects in the region.