Statkraft starts operations at 2 hydroelectric plants in Norway

Statkraft AS began operations at the 8.5-MW Vesle Kjela and 8.5-MW Storlia hydroelectric power plants, located on opposite sides of the Hardanger mountain plateau in Norway.

Each project is expected to have a generation capacity of 40 GWh per year. Together, the plants will be capable of producing enough power for about 4,000 Norwegian households per year, according to a May 31 news release.

"The power plants are good examples of Statkraft's significant investment in upgrading Norwegian hydropower assets," Statkraft CEO Christian Rynning-Tønnesen said. "Vesle Kjela power plant and Storlia power plant were built using existing infrastructure at previous hydropower developments, new technology and cost-effective methods through good cooperation with suppliers."

Statkraft has invested more than 20 billion kroner in Norwegian hydropower plants since 2005, the company said.

As of May 30, US$1 was equivalent to 9.40 Norwegian kroner.

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