New Delhi: Norwegian state-owned electricity company Statkraft is actively scouting for hydropower opportunities in North India, including buying out stressed assets.
The attempt by Europe’s largest green energy producer comes in the backdrop of the National Democratic Alliance (NDA) government changing regulations governing the beleaguered sector earlier this month. Of around 66 gigawatts (GW) capacity facing various degrees of financial stress, there are 13 hydropower projects comprising 4.57 GW.
The first foreign investor in India’s hydropower space, Statkraft has been present in the country since 2004.
