Malana hydropower plant in India. (Photo: Statkraft)
Statkraft entered the Indian market in 2004 and was the first foreign investor in the Indian hydropower sector. The objective is to become a significant independent power producer in India over the next few years.
Statkraft entered the Indian power market in 2004 when it acquired 49 per cent of the shares in Malana Power Company Limited (MPCL), where Indian LNJ Bhilwara Group is the majority owner. Statkraft is currently involved in two significant hydropower plants in India - Malana and Allain Duhangan.
Statkraft has an exclusive partnership agreement with Tata Power to jointly develop hydropower projects in the region. Together, the two companies currently hold the licence for the 250 MW / 1180 GWh Dugar greenfield project in the state of Himachal Pradesh. The feasibility of the project is currently being investigated and potential construction is planned to start in 2015.
Statkraft Markets Pvt. Ltd
Statkraft Markets Pvt. Ltd supports its own generation and third party customers with a wide range of specialized power trading services. SMPL offers unique opportunities to Indian clients in implementing successful solutions to their power needs by crafting innovative strategies, based on significant domestic and international trading experience.
Allain Duhangan hydropower plant is located near Manali in the Kullu district of Himachal Pradesh in Northern India.
Malana hydropower plant utilises the water from the Malana river, a tributary of the Parbati and Beas rivers in the Kullu valley in India.