Statkraft (OSL:STAEN) To Open Rødberg Power Plant

Statkraft (OSL:STAEN) (Rødberg, 20 January 2009) Today Statkraft is opening the Rødberg power plant in Buskerud County, Norway. Making use of the waterfall drop between two existing power plants, the new plant will produce enough power to supply 800 households.

"The power plant at Rødberg is a highly sustainable project and an example of the new and environmentally friendly method of exploiting our water resources, gentler on the landscape and with higher efficiency. This plant is an exemplary illustration of the fact that there is still a lot to be had from our clean and renewable hydropower sources," says Executive Vice President Siri Hatlen.

The power plant exploits 60 percent of the water drop between the two power stations Nore 1 and Nore 2 by using the minimum release from the Rødberg dam. The plant has an installed capacity of 2.9 MW and an average annual production of 15.5 GWh.

Statkraft is today Europe's largest producer of renewable energy with a total of 214 hydropower plants in operation, 144 of which are located in Norway. The development of the Rødberg power plant meets the government's and Statkraft's goal of upgrading and extending our already existing hydropower facilities. In Norway the company is working on several hydropower projects that will be able to add a total of 2 TWh to the nation's power production - enough to cover the electricity needs of 100,000 households.

Statkraft is Europe's largest generator of renewable energy. The Group develops and generates hydropower, wind power, gas power and district heating, and is a major player on the European energy exchanges. Statkraft also develops solar power, marine energy, osmotic power and other innovative energy solutions. In 2007 Statkraft posted gross operating revenues of EUR 2.2 billion and a profit after tax of EUR 827 million. The group employs close to 3,000 staff in more than 20 countries.

www.statkraft.com

For further information: Communications advisor Kristian Løksa, mobile +47 93 45 26 03

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Statkraft

http://www.statkraft.com/

ISIN: NO0010246234

Stock Identifier: XOSL.STAEN