JSW Energy Subsidiary to Acquire 150 MW Hydro Power Project from Statkraft for INR 1,728 Crores

JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, has agreed to acquire 100% equity shares of Tidong Power Generation Private Limited having a 150 MW under construction hydro power project from Statkraft IH Holding AS. The transaction is subject to necessary regulatory approvals and other customary conditions. The acquisition is part of JSW Energy's target to reach 30 GW generation capacity and 40 GWh of storage capacity by FY 2030, with the share of renewable energy generation increasing to 70% by FY 2030. The proposed acquisition is expected to be completed by 15th January, 2026. The transaction is for an enterprise value of INR 1,728 crores, subject to closing adjustments. Tidong Power Generation Private Limited was incorporated in 2008 and is constructing a 150 MW run-of-river hydro-electric power plant in Tidong Valley, Himachal Pradesh, expected to be commissioned in Oct-26.