SN Power is owned 100% by Norfund.
On September 27, 2017 Statkraft and Norfund closed an agreement to swap shares in their jointly owned international hydropower company SN Power.
Until that date, Statkraft and Norfund owned 50 percent each in SN Power, which owned hydropower plants in Panama, Laos, Philippines and Zambia.
The mission and objective for SN Power is unchanged, the company will operate under the same regulatory framework as it has operated under until now.
With Norfund as the sole owner, SN Power will have a stronger focus on energy investments in the sub-Sahara African markets and specific countries in Southeast Asia.
Norfund's mandate is to support the building of sustainable businesses in developing countries and thereby contribute to economic and social development.
Norfund was founded in 1997 by the Norwegian Government.
Norfund is an active strategic minority investor – wholly owned and funded by the Norwegian Government.
By year end 2018, Norfund’s committed portfolio was USD 2,6 billion / NOK 22,3 billion and included more than 900 companies.
Norfund’s strategy is to invest in sectors and countries where we can have the greatest impact, where the private sector is weak and access to capital is scarce.
The priority geographical areas are primarily sub-Saharan Africa, but also some selected countries in South East Asia and Central America.
See www.norfund.no for more information.