Tidong Power Hydroelectric Project Acquisition
Sector: Hydro • Location: Kinnaur, Himachal Pradesh, India
Source: Business Today
JSW Energy's wholly owned arm, JSW Neo Energy Limited, has entered into a definitive agreement to acquire 100% equity in Tidong Power Generation Private Limited (TPGPL), which is developing a 150 MW run-of-river hydroelectric project in Kinnaur district, Himachal Pradesh. The transaction is valued at an enterprise value of Rs 1,728 crore and is expected to be completed on or before January 15, 202
- Status
- Closed
- Sector
- Hydro, Power Generation (CCGT)
- Location
- Kinnaur, Himachal Pradesh, India
- Updated
- 22 Jul 2026
- Source
- Business Today
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Project Information
Participants
| Not available for this record. |
Status
Original status | awarded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | JSW Energy's wholly owned arm, JSW Neo Energy Limited, has entered into a definitive agreement to acquire 100% equity in Tidong Power Generation Private Limited (TPGPL), which is developing a 150 MW run-of-river hydroelectric project in Kinnaur district, Himachal Pradesh. The transaction is valued at an enterprise value of Rs 1,728 crore and is expected to be completed on or before January 15, 2026, subject to regulatory and lender approvals. Tidong Power has a 22-year Power Purchase Agreement with Uttar Pradesh Power Corporation Ltd for 75 MW capacity, with the remaining 75 MW capacity untied and available for merchant market sale post-commissioning, targeted for October 2026. Post-acquisition, JSW Energy's total locked-in generation capacity will rise to 30.5 GW, with 1.8 GW in hydropower. |
Original sector | Energy |
Budget |
Location
Country | India |
State | Himachal Pradesh |
City | Kinnaur |
Source
Source | Business Today |
URL |
More Details
Record type | Project |
Sector | Hydro, Power Generation (CCGT) |
Article published date | 2025-09-21 |
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