JSW Energy arm to acquire 150 MW hydro project in Himacha Pradesh for Rs1,728 crore
JSW Energy’s subsidiary, JSW Neo Energy, is set to acquire 100% equity in Tidong Power Generation Private (TPGPL). In a regulatory filing on Thursday, the company announced that it has signed a definitive agreement with Statkraft IH Holding AS to acquire the entity at an enterprise value of Rs 1,728 crore. Tidong Power Generation is developing a 150 MW hydroelectric power project in Himachal Pradesh.
The transaction value is subject to customary closing adjustments. The acquisition is expected to be completed by January 15, 2026, once the necessary approvals are in place.
