Norway's Statkraft making more acquisitions in India

State-owned Norwegian utility, which currently owns two Indian hydroplants, announced that it has taken over yet another site in India.

Photo: Statkraft

State-owned Norwegian utility Statkraft has acquired a 100 MW Indian hydropower project, Tidong, in the Himachal Pradesh state, the company announces in a press release.

The Indian project is 60 percent complete and the acquisition is part of Statkraft's strategy to expand its production of renewable energy in countries where it has a presence, according to the statement.

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