Statkraft and Eviny sell all shares in Nepalese Himal Power Ltd to Butwal Power Company

Core Insights - Statkraft and Eviny have agreed to sell their shares in Himal Power Limited (HPL) to Butwal Power Company (BPC), resulting in BPC owning 100% of HPL [1] - The transaction aligns with Statkraft's strategy to exit South Asia and concentrate on key markets in Europe and South America [1] Company Overview - Statkraft is a leading international hydropower company and the largest generator of renewable energy in Europe, with operations in hydropower, wind power, solar power, gas-fired power, and district heating [4] - The Khimti I Hydropower Plant, owned by HPL, has been operational since 2000 and has contributed over 9,000 GWh of energy to the Nepalese energy system [3][2] Operational Highlights - The Khimti I Hydropower Plant has maintained an excellent operational record and world-class availability over its 25 years of operation [3] - BPC, as the new owner, is expected to continue the operations of HPL and values the existing employees for their competence [3]