September 20, 2014 9:43 AM ET

Independent Power and Renewable Electricity Producers

Company Overview of Statkraft Norfund Power Invest AS

Company Overview

Statkraft Norfund Power Invest AS, a renewable energy company, acquires, develops, builds, owns, and operates hydropower projects in emerging markets on commercial terms in Asia, Latin America, Africa, and Central America. It generates hydropower in the Philippines, Nepal, India, Chile, Brazil, Sri Lanka, and Peru. The company also develops and generates wind power, gas power, and district heating. In addition, it offers risk management services that include risk mitigation, internal audits, and balancing services. The company has projects and plants in Brazil, Chile, India, Nepal, Panama, Peru, Philippines, Sri Lanka, and Zambia. Statkraft Norfund Power Invest AS was founded in 2002 and is ...

Lilleakerveien 6

Oslo,  0283

Norway

Founded in 2002

Phone:

47 66 71 70 0

Fax:

47 66 71 70 01

Key Executives for Statkraft Norfund Power Invest AS

Chief Executive Officer and President
Age: 58
Chief Financial Officer
Age: 59
Executive Vice President of Projects & Constuction
Age: 57
Managing Director of Norfund
Age: 61
Executive Vice President of South-East Asia
Age: 44
Compensation as of Fiscal Year 2014.

Statkraft Norfund Power Invest AS Key Developments

Statkraft and Norfund Complete the Restructuring of SN Power

Statkraft and Norfund have completed the restructuring of SN Power in accordance with the agreement signed December 20, 2013. The parties have thereby established a new solid basis for their continued cooperation within renewable energy.

Companies Reportedly Eye CGE Assets

Duke Energy Corporation, Statkraft Norfund Power Invest AS, Origin Energy Limited and Empresas Públicas de Medellín E.S.P. are interested in acquiring the power generation assets of Compañía General de Electricidad S.A. (CGE), Diario Financiero reported. CGE wants nearly $400 million for the assets, including $350 million for the Peuchen and Mampil plants. CGE plans to receive offers on November 17, 2012 and take a decision in December, 2012. Simultaneously, CGE is also in talks with GDF Suez S.A., Diario Financiero reported.

Lanco's Talks With SN Power For Sale Of Assets Halted

Lanco Infratech Limited said that its talks with Statkraft Norfund Power Invest AS (SN Power) to sell its hydropower business have been put on hold due to issues related to power purchase agreements (PPA). Lanco has not been unable to get a buyer for its wind power business. T. Adi Babu, Chief Operating Officer of Lanco, said, “We were talking with SN Power, but it is pending due to clarifications on PPA." Adi Babu added, “We are looking at getting minority stakeholders. We are open to divest stake in non-core assets if we get good valuations. When there are so many negative things to the sector, what can one do? One can't give it to buyers for a song. However, things are now shaping up for us."

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