Norwegian energy company Statkraft has acquired the 100MW Tidong hydro project in Himachal Pradesh, India, from NSL Tidong Power Generation.
The project is on the Tidong River, a tributary of Sutlej River in north-western India and is 60% complete.
It is expected to be completed in about two years.
Statkraft said although the plan is for 100MW there is scope for further expansion, which will be evaluated.
Statkraft executive vice president Jurgen Tzschoppe said: “We are very pleased to announce this deal, which positions Statkraft well for further growth in India, a core market for Statkraft.”
Statkraft owns 49% stakes in the 108MW Malana and 192MW Allain Duhangan hydro plants, which are also in Himachal Pradesh.