Statkraft granted licence for Kjensvatn Power Plant

11.05.2007 08.00 | pressrelease

Statkraft has today been granted a licence to build and operate Kjensvatn Power Plant in the municipality of Hemnes in the county of Nordland. The power plant, which will utilise water and falls in an area that is already regulated, will generate around 75 GWh of electricity without having any major negative environmental impact, enough to supply approx. 3,750 households with pure energy.

Construction of Kjensvatn Power Plant will help remedy several environmental problems from earlier developments. The new facility utilises the fall between the existing regulating reservoirs Gressvatn and Kjennsvatn. Both have been regulated since the end of the 1960s, and are used as a reservoir for Rana Power Plant. The new power plant will provide around 75 GWh of new energy without causing any major negative environmental consequences.

“We are very pleased that we have been granted this licence. Kjensvatn Power Plant is a good example of what we can achieve by improving old facilities, since it leads to a better environment and more power,” says President and CEO Bård Mikkelsen.

It is not certain when construction can begin. The licence application was submitted more than three years ago, and Statkraft will now study the licence terms and other conditions necessary in order to realise the development.

The Statkraft Group is a leading player in Europe within renewable energy. The Group generates hydropower, wind power and district heating and constructs gas power plants in Norway and Germany. Statkraft is a major player on the European energy exchanges. In Norway the company supplies electricity and heat to around 600,000 customers through its shareholdings in other companies. In 2006 Statkraft recorded a profit after tax of NOK 6.3 billion, and employed more than 2,100 employees in eight countries. The world needs pure energy. Statkraft works to deliver this every day.