Key highlights
- Statkraft and Eviny sold their shares in Himal Power Limited to Butwal Power Company.
- BPC now owns 100% of the 60 MW Khimti I Hydropower Plant.
- The plant began operations in 2000.
- Statkraft is focusing on markets in Europe and South America.
Transaction Overview
Statkraft and Eviny have finalized an agreement to sell their 57% and 26% shareholdings, respectively, in Himal Power Limited (HPL) to Butwal Power Company (BPC). This transaction results in BPC owning 100% of HPL.
Himal Power Limited
HPL operates the 60 MW Khimti I Hydropower Plant, which commenced operations in 2000. This plant was Statkraft's first hydropower project outside Norway.
Strategic Shift
The sale aligns with Statkraft's strategy to exit South Asia and concentrate on key markets in Europe and South America.
