Statkraft announces acquisition of 100 MW hydropower project in India
Statkraft has announced the acquisition of 100% of the shares in NSL Tidong Power Generation Private Limited, the project company for the Tidong hydropower project. Approximately 60% constructed, the project is located on Tidong River, a tributary of Sutlej River, in the state of Himachal Pradesh, in north-western India.
The planned installed capacity is 100 MW, although possibility for further expansion will be evaluated. The remaining construction works are expected to be completed in approximately two years.
Statkraft has extensive industrial experience from hydropower in India, with a 49% shareholding in two hydropower assets in operation in Himachal Pradesh: Malana (108 MW/340 GWh) and Allain Duhangan (192 MW/800 GWh).
Country updates
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