Statkraft has been active in Nepal since 1993. Subsidiary Himal Power Limited supplies almost 15 per cent of Nepal's total electricity output.
Statkraft first entered Nepal through the development of the 60 MW Khimti hydropower plant.
Statkraft is majority shareholder in Himal Power Limited (HPL) with a share of 57.1 per cent. Other shareholders are Norwegian power company BKK and local investor Butwal Power Company.
Khimti I is a run-of-river hydropower plant located in the Dolakha district about 100 kilometres east of Kathmandu in Nepal.