NORFUND - The Norwegian Investment Fund for Developing Countries
1998-01-01 00:00:00.0 Regular founding
Name
NORFUND - The Norwegian Investment Fund for Developing Countries
Short name
NORFUND
Affiliations
State company organized under special law
Hierarchical level
Highest level
COFOG
01 General public services
Superior body
Ministry of Foreign Affairs
Main affiliation category
National single organization (without subordinated units)
Located
301 Oslo
- Case number Parliament sakid=(150)
The Norwegian Parliament established Norfund through the Norfund Law in 1997. Norfund is fully funded by the Norwegian International Development Assistance budget. The Parliament approves Norfund´s annual capital allocation.
The Minister of International Development has constitutional responsibility for Norfund. The Minister of International Development constitutes the General Assembly and exercises the highest authority in the fund. The General Assembly approves Norfund’s statutes and selects the Board of Directors.
Norfund’s Board of Directors is appointed by the Norfund General Assembly and ensures that the Fund operates in accordance with the Norfund Act and its related statutes. The Board of Directors decides Norfund’s strategy, employs the CEO and approves investments which exceed specified thresholds.
Norfund Management Team manages the Fund according to Norfund´s mandate of creating jobs and improving lives in developing countries.
Source: www.norfund.no
2001-01-01 00:00:00.0 * Maintenance by reorganization
- Aureos Capital
Please note that this event has comments in Norwegian that are for the present not translated into English
2002-01-01 00:00:00.0 * Maintenance by reorganization
Statkraft Norfund Power Invest AS was established in 2002 as a 50-50 Joint Venture between Statkraft and Norfund (Norwegian Investment Fund for Developing Countries).
Norfund is a leading Norwegian risk capital investor in emerging markets, funded by the Norwegian Government.
SN Power’ s business objective is to become a leading hydropower company in emerging markets, contributing to economic growth and sustainable development. SN Power is active in Asia, Africa and Latin America. SN Power actively pursues certified emission reductions (CERs) in all of its hydropower projects worldwide.