JSW Energy has commissioned the 150MW Tidong hydropower project in the Kinnaur district of Himachal Pradesh, India, taking the company’s total installed generation capacity to around 13,900MW.
The project was commissioned by JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy, ahead of its previously announced October 2026 completion target.
Tidong Power Generation Private Limited operates the run-of-river plant in the Tidong Valley. The project has a long-term power purchase agreement with Uttar Pradesh Power Corporation Ltd for 75MW of electricity during the months of May to October at a tariff of ₹5.57/kWh.
The facility is JSW Energy’s fourth hydro asset in Himachal Pradesh and expands the company’s hydropower portfolio. JSW Energy said the project is expected to contribute to earnings in FY27, supported by its tariff structure and commissioning during the current hydro season. The company added that the plant’s proximity to its Karcham Wangtoo hydropower station is expected to provide operational synergies.
The commissioning adds to 445MW of generation capacity brought online by JSW Energy during the first quarter of FY27 to date, comprising 225MW of wind, 70MW of solar and 150MW of hydro capacity.
“The commissioning of Tidong ahead of schedule reflects the depth of our execution capabilities and our continued focus on building a high-quality, diversified generation portfolio,” commented Sharad Mahendra, Joint Managing Director and CEO of JSW Energy. “As India’s largest private hydropower player, we see hydro as a critical enabler of grid stability and round-the-clock clean power. Tidong strengthens our presence in Himachal Pradesh and, with its proximity to Karcham Wangtoo, unlocks meaningful operational synergies. This addition takes us another step closer to our 2030 growth targets while reaffirming our commitment to delivering sustainable, long-term value for all stakeholders”
JSW Energy currently has 32.1GW of locked-in generation capacity, including 13.9GW in operation, 13.6GW under construction across thermal, hydro and renewable technologies, and a development pipeline of 4.6GW.
The company also has 29.6GWh of locked-in energy storage capacity, comprising 26.4GWh from pumped storage projects and 3.2GWh from battery energy storage systems. JSW Energy aims to reach 30GW of generation capacity and 40GWh of energy storage by 2030, and has set a target of achieving carbon neutrality by 2050.
The commissioning follows JSW Energy’s agreement announced last year to acquire the Tidong hydropower project from Norwegian renewable energy company Statkraft through its subsidiary JSW Neo Energy. The deal, valued at an enterprise value of ₹1,727 crore, marked Statkraft’s exit from the asset as part of its strategy to divest parts of its Indian portfolio and expanded JSW Energy’s presence in Himachal Pradesh’s hydropower sector.
