Agua Imara AS, formerly SN Power AfriCA, is a subsidiary of Statkraft Norfund Power Invest AS. It is a Norwegian renewable energy company with focus on emerging markets. The core markets for Agua Imara are Africa and Central America, where the objective is to act as a long-term industrial investor, developer and operator of hydro- and wind-power projects.
The company was founded in January 2009 and is owned by SN Power, Norfund, and two Norwegian renewable energy entities: TrønderEnergi and BKK.
The headquarters is located in Oslo and regional branch offices have been established in San José, Costa Rica and Johannesburg, South Africa. A holding company has also been set up in Singapore. Panama was the first market to be entered through the Bajo Frio hydropower project, a 58 MW run-off river scheme. Agua Imara owns 50.1% and will be the industrial developer of the project. In May 2011, the company signed an acquisition agreement for a 51% shareholding in Lunsemfwa Hydropower Company Ltd located in Zambia.
Agua Imara's overall business mission is to become a leading renewable energy company in its core markets, and thus contribute to economic growth and sustainable development as well as short and long term profitability. The company's ambition is to achieve an equity generation capacity of around 700MW in operation or under construction by 2015. This growth is envisioned through the acquisition of existing assets and construction of renewable energy projects, primarily hydropower.