CR in development projects
As a power producer Statkraft is involved in several development projects in different parts of the world. Most of these are in emerging markets, but there are also substantial developments in Northern Europe for different technologies. In the following sections we present examples of how we have addressed corporate responsibility in 2015.
The Devoll Hydropower Project (Devoll HPP) in Albania consists of a cascade of hydropower plants along the Devoll River with a planned installed capacity of 256 MW. Production is estimated at 729 GWh/year.
The Cheves hydropower project is Statkraft’s largest project in Peru. The project construction was completed in 2015 and officially opened on September 15th, 2015.
Statkraft has one asset in Nepal through the Himal Power Company in partnership with BKK and Butwal Power Company, Nepal. Social programs form a key component to the successful operation and good relations with neighbouring communities, and this commitment was further manifested during the tragic events of the 7.8 magnitude earthquake in April 2015.