Magne Borgund

“The daily interaction with highly skilled and truly motivated colleagues who all walk the extra mile to ensure that Statkraft’s presence in India becomes a success gives me a true energy boost on a daily basis."

Why Statkraft?
Back in 2007 I got fascinated by Statkraft’s expansion into several European countries. I felt joining a company like Statkraft would be a unique way of learning more and develop expertise of the developing markets for power across Europe. I did not expect Statkraft  to grow a lot further, but in hindsight I realize that the company’s growth had only really started when I joined as a graduate in 2007…

What is your role today?

Managing Director and Vice President Market Operations & IT of Statkraft Markets Private Limited – Statkraft’s establishment in India for all commercial trading activities.

How is a typical day at work?

I normally show up in the office at about 8-8.30. Due to the time difference between India and Europe I respond to important emails received during the night. I use the first half of the day following up with ongoing activities with the management team reporting to me. The management team ranges from business development activities and optimization of existing power plants in our Trading and Origination department, to budget planning and follow-up with the finance director as well as the legal counselor for legal matters. In addition a close dialogue with the Risk Manager gives me good insight into the current risk picture to ensure that we are staying within the mandates allocated to me. As for any organization IT plays a crucial role for Statkraft and therefore I also work closely with the Head of IT in India to ensure that the IT delivery to both of the Statkraft-companies are well taken care of. In the second half of the day I carry out what is needed in terms of interaction with my reporting line and colleagues in Europe. On ad-hoc basis I join my colleagues in their interaction with external counterparties and I occasionally meet up with possible strategic business partners. In addition to this I am responsible to support and develop the managers in the Management team and individual meetings with these are therefore also carried out on frequent basis.

What motivates you?

The daily interaction with highly skilled and truly motivated colleagues who all walk the extra mile to ensure that Statkraft’s presence in India becomes a success gives me a true energy boost on a daily basis. To also know that Statkraft’s standards, both regards to Health, Safety and Environment as asset developer, but also related to Governance practice and Ethical behavior in all our activities contributes to change the perception of how business can be done is something I am truly proud to be part of.

What best describes Statkraft?
Truly meritocratic, faithful and dedicated to a strategy committed to renewable energy and to make a difference everywhere we operate – both in terms of industrial standards as well as a truly people-focused employer.