Hydropower investment in Peru

30 Sep, 2010

Statkraft has through its subsidiary SN Power decided to invest in the hydropower plant Cheves in Peru. The investment is expected to amount to USD 400 million, approximately NOK 2350 million. The construction will begin in 2011, and is expected to be finalized at the end of 2013. The hydropower plant will be fully owned by SN Power and will have an installed capacity of 168 MW. Statkraft holds an ownership share of 60 percent in SN Power, and Norfund the remaining share.


Elsbeth Tronstad, Executive Vice President Communication and CSR, SN Power
+47 90 58 23 83, elsbeth.tronstad@snpower.com


Johan Ailo Kalstad, Investor Relations, Statkraft
+47 952 45 568, johanailo.kalstad@statkraft.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)