About 60% of the project is already constructed.
Norway-based company Statkraft bought India’s Tidong hydropower project, which is located on Tidong River, a tributary of Sutlej River, in the state of Himachal Pradesh. The project’s planned installed capacity is 100MW, but further expansion will be evaluated.
According to an announcement, the transaction is an acquisition of 100% of the shares in NSL Tidong Power Generation Private Limited.
The Tidong project is approximately 60% complete. Construction works will resume immediately after the closing of the transaction. The remaining construction works are expected to be completed in approximately two years.
Statkraft has gained industrial experience from hydropower in India, with a 49% shareholding in two hydropower assets in operation in Himachal Pradesh: Malana (108 MW/340 GWh) and Allain Duhangan (192 MW/800 GWh).
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