Sunday, November 19, 2017

Norfund, SN Power commit NOK 5 billion for new hydro company

Norfund has agreed with SN Power to commit USD 700 million (NOK 4.9b) in equity for a new hydropower investment company targeting Africa and Central America.

The commitment is part of a deal where Norfund sells a 10 per cent stake in SN Power to Statkraft for NOK 1.1 billion.

Development Today is a subscription-based online journal. To subscribe click here.

If you are already a subscriber to Development Today please log in.

Would you like to know more about Development Today? Click here.