Power Generation Company Commissions First 80 MW Unit of 240 MW Kutehr Hydro Plant

DSIJ Intelligence-1 / 04 Aug 2025/ Categories: Mindshare, Trending

Power Generation Company Commissions First 80 MW Unit of 240 MW Kutehr Hydro Plant

The stock is up by 27 per cent from its 52-week low of Rs 419.10 per share.

JSW Energy Limited has successfully commissioned the first 80 MW unit of its 240 MW Kutehr Hydroelectric Power Plant in the Chamba district of Himachal Pradesh. This project stands out as one of India's fastest-built greenfield hydro projects, with power dispatch to Haryana having already commenced. The second 80 MW unit has also been synchronised with the grid and is currently undergoing trial runs, and the final unit is expected to be synchronised shortly.

The Kutehr project is supported by a 35-year Power Purchase Agreement (PPA) with the Haryana Power Purchase Centre (HPPC) for the entire 240 MW, set at a levelized ceiling tariff of Rs 4.50 per kWh, with options for extension. The electricity generated will supply Haryana’s state distribution utilities, Uttar Haryana Bijli Vitran Nigam and Dakshin Haryana Bijli Vitran Nigam. With the commissioning of this unit, JSW Energy's installed hydro capacity now stands at 1,471 MW. This addition further increases the company's renewable energy share to 56 per cent, alongside 2,157 MW of solar and 3,562 MW of wind power. 

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About JSW Energy Ltd

JSW Energy Ltd., a prominent private sector power producer in India and part of the USD 23 billion JSW Group, has diversified assets spanning power generation and transmission. The company, which began commercial operations in 2000 with its 2x130 MW thermal power plants in Vijayanagar, Karnataka, has significantly expanded its power generation capacity from 260 MW to 12.5 GW. JSW Energy is actively constructing projects totalling 12.8 GW, with an ambitious vision to reach a total power generation capacity of 30 GW by 2030, supported by strong operations, robust corporate governance, and prudent capital allocation strategies.

The company has a market cap of over Rs 93,000 crore and has been maintaining a healthy dividend payout of 20 per cent. As of June 2025, the Life Insurance Corporation of India (LIC) owns a 6.02 per cent stake. The stock is up by 27 per cent from its 52-week low of Rs 419.10 per share.

Disclaimer: The article is for informational purposes only and not investment advice.