JSW Energy completes the Acquisition of Tidong Power Generation Private Limited

Kiran DSIJCategories: Mindshare, Trendingjoin us on whatsappfollow us on googleprefered on google

JSW Energy completes the Acquisition of Tidong Power Generation Private Limited

This acquisition secures JSW Energy’s status as the leading private hydropower producer in India, bringing its total locked-in generation capacity to 32.1 GW.

JSW Neo Energy Limited, a subsidiary of JSW Energy, has finalised the acquisition of Tidong Power Generation Private Limited from Statkraft IH Holding AS for an enterprise value of approximately Rs 1,728 crore. Located in the Kinnaur district of Himachal Pradesh, Tidong Power is currently developing a 150 MW run-of-river hydroelectric facility. The project is nearing completion with an expected commissioning date in October 2026, marking a significant expansion of JSW’s renewable footprint in Northern India.

The project’s commercial framework includes a long-term Power Purchase Agreement (PPA) with the Uttar Pradesh Power Corporation Ltd for 75 MW of capacity at a tariff of Rs 5.57/KWh during peak months. The remaining 75 MW is slated for the merchant market, providing the company with a strategic mix of contracted and flexible revenue streams. Because of its location near the existing Karcham Wangtoo plant, JSW expects to realise substantial operational synergies, boosting projected EBITDA for the 2027 fiscal year.

This acquisition secures JSW Energy’s status as the leading private hydropower producer in India, bringing its total locked-in generation capacity to 32.1 GW. This portfolio is supported by a massive 29.6 GWh of energy storage projects, including both pumped hydro and battery systems. These developments are core components of the company’s broader roadmap to reach 30 GW of generation and 40 GWh of storage by 2030, ultimately targeting full carbon neutrality by 2050.

Capture India’s Mid-Cap momentum. DSIJ’s Mid Bridgeuncovers the market’s rising stars for smart investors. Download Service Note Here

About JSW Energy Ltd

JSW Energy Ltd is one of the leading Private sector power producers in India and part of the USD 23 billion JSW Group, which has a significant presence in sectors such as steel, energy, infrastructure, cement, sports, among others. JSW Energy Ltd has established its presence across the value chains of the power sector with diversified assets in power generation and transmission. With strong operations, robust corporate governance and prudent capital allocation strategies, JSW Energy continues to deliver sustainable growth.

JSW Energy began commercial operations in 2000, with the commissioning of its first 2x130 MW thermal power plants at Vijayanagar, Karnataka. Since then, the company has steadily enhanced its power generation capacity from 260 MW to 13.3 GW, ensuring diversity in geographic presence, fuel sources and power off-take arrangements. The Company is presently constructing various power projects to the tune of 14.2 GW, with a vision to achieve a total power generation capacity of 30 GW by 2030.

The company has a market cap of over Rs 80,000 crore and has been maintaining a healthy dividend payout of 20 per cent. As of December 2025, the Life Insurance Corporation of India (LIC) owns a 7.17 per cent stake. The stock is up by 10 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.