Core Insights - Statkraft has divested its 49% minority stake in the Malana Power Company to LNJ Bhilwara Group, marking a strategic shift in its operations in India [1][2] - The transaction includes Statkraft's interests in the 86MW Malana and 192MW Allain Duhangan hydropower plants located in Himachal Pradesh, India [1] - Bhilwara Energy, a subsidiary of LNJ Bhilwara Group, is now the sole owner of these hydropower assets [2] Company Strategy - The divestment aligns with Statkraft's strategy to focus on markets where it can achieve scale and maintain long-term competitiveness [2] - Statkraft aims to reallocate capital to core markets in Europe and South America to enhance value creation and impact [3] - The company has previously announced plans to divest its Indian operations, indicating a shift in its investment strategy [2] Historical Context - Statkraft entered the Indian market in 2004 through a joint venture with SN Power, marking the first foreign investment in India's hydropower sector [3] - Earlier in the year, Statkraft also signed a deal to sell its Colombian renewables portfolio to Ecopetrol, which includes multiple projects and a solar plant [4]