Archive · 19 Sep 2025
JSW Energy Acquires Hydro Project, Shares Rise
JSW Energy, an electricity company, is buying a hydroelectric project in the mountains of Himachal Pradesh.
The project will generate electricity using water.
The deal is worth about 1,728 crore rupees and should be done by January 2026.
This purchase helps JSW Energy expand its electricity production capacity, especially in renewable sources.
The Tidong plant has a 22-year agreement to sell some of its electricity.
After the acquisition, JSW Energy will become the biggest private company producing hydropower in India.
JSW Neo Energy to acquire Tidong Power Generation Private Limited (TPGPL).
TPGPL is developing a 150 MW hydroelectric project.
The acquisition value is Rs 1,728 crore.
The deal is expected to be completed by January 15, 2026.
JSW Energy shares rose 3% after the announcement.
- Who
- JSW Neo Energy is acquiring Tidong Power Generation Private Limited (TPGPL) from Statkraft.
- What
- JSW Neo Energy is acquiring a 150 MW run-of-river hydroelectric project.
- When
- The deal is expected to be completed on or before January 15, 2026.
- Where
- The project is located in Kinnaur district of Himachal Pradesh.
- Why
- The acquisition supports JSW Energy's expansion and renewable energy goals.
- Acquiring Company
- JSW Neo Energy (subsidiary of JSW Energy)
- Project
- 150 MW run-of-river hydroelectric project
- Location
- Kinnaur district, Himachal Pradesh
- Acquisition Value
- Rs 1,728 crore
- Target Date
- On or before January 15, 2026
- Seller
- Statkraft IH Holding AS
- PPA
- 22-year with Uttar Pradesh Power Corporation Ltd (75 MW)
- JSW Energy Share Price Increase
- 3%
