Ownership: 100 %
Production: 1975 GWh (Statkraft's share is 691.3 GWh)
Power: 485 MW

The Rana power plant is located in Rana Municipality in Nordland County. The power plant has four Francis turbines with a total installed capacity of 485 MW.

Lake Store Akersvatnet is the intake reservoir for the power plant, but it also uses water from Lakes Kalvatn, Gressvatnet, Kjennsvatnet and Durmålsvatn. Water from Lake Tverrvatnet is pumped up to Lake Akersvatnet. The power plant uses a gross height of fall of 520 metres between Lake Akersvatnet and the plant.

The development of the Rana power plant was completed in stages between 1968 and 1980. The power plant is located inside a mountain about five kilometres above where the Ranelva River empties into the Ranfjord. Statkraft owns the power plant and is responsible for daily operations, but 65 per cent of the production is leased on a 15-year-contract to the Finnish consortium of Etalä-Pohjanmaan Voima Oy and Kymppivoima Tuatanto Oy.

Until Svartisen power plant was commissioned in 1993, Rana power plant with its annual production of 1 975 GWh was the largest power plant in northern Norway, measured in production.