STATKRAFT AND NORFOND have jointly established Statkraft Norfund Power Invest with US$133.4M in start-up capital to invest in, develop and operate hydro power projects in emerging markets.
‘We are extremely pleased to have Norfund as our partner in this international commitment,’ said BÃ¥rd Mikkelsen, chief executive officer of Statkraft.
‘With our competence in the field of hydroelectricity and Norfund’s international experience, the foundation is laid for a company with considerable development potential in a world that has an increasing demand of non- polluting, renewable energy.’
‘Energy is a precondition for development and there is a great need to produce more energy in developing counties,’ added Per Emil Lindøe, managing director of Norfund. ‘In Norway, we have a high level of competence in the field of hydro power, and Statkraft is one of the major players that we are happy to co-operate with.
‘I am convinced that the investments will generate positive development effects and at the same time provide good financial results.’
