JSW Energy Completes Acquisition of Tidong Power Generation Private Limited

JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, has completed the acquisition of Tidong Power Generation Private Limited from Statkraft IH Holding AS. The transaction values the asset at an Enterprise Valuation of INR 21728 crores, excluding net current assets and other adjustments under the share purchase agreement. Tidong Power is constructing a 150 MW run-of-river hydro-electric power plant in Tidong Valley, Himachal Pradesh, expected to be commissioned in Oct-26. The plant has a long-term Power Purchase Agreement with Uttar Pradesh Power Corporation Ltd to procure 75 MW power during the months of May to October at a tariff of 35.57/KWh. The remaining capacity of 75 MW is currently untied and can be sold on merchant market. This acquisition is a strategic addition to JSW Energy's hydro portfolio, further reinforcing its position as India’s largest private hydropower player.