JSW Energy commissions 150 MW Tidong Hydro Project ahead of schedule
JSW Energy's subsidiary has commissioned its 150 MW Tidong Hydro Project ahead of schedule. This brings the company's total installed capacity to approximately 13,900 MW. The project is expected to be earnings-accretive in FY27 and contributes to JSW Energy's goal of reaching 30 GW capacity by 2030.
The commissioning of a 150 MW project is a significant addition to the company's capacity, which is expected to be earnings-accretive and enhance operational synergies. However, it does not fundamentally alter the company's overall business model or market position significantly.
The commissioning of a power project ahead of schedule is a positive development for the company, indicating strong execution capabilities and contributing to its growth targets.
JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has successfully commissioned the full 150 MW capacity of its Tidong Power Generation Private Limited project. This run-of-river hydro-electric power plant is located in the Tidong Valley, Kinnaur district of Himachal Pradesh.
The project was commissioned ahead of its previously guided timeline of October 2026, showcasing the company's execution capabilities. Tidong Power has a long-term Power Purchase Agreement with Uttar Pradesh Power Corporation Ltd to procure 75 MW of power between May and October at a tariff of ₹5.57/KWh.
This is JSW Energy's fourth hydro asset in Himachal Pradesh and is expected to be earnings-accretive in FY27. The project is anticipated to leverage operational synergies with the nearby Karcham Wangtoo plant. With this commissioning, JSW Energy's total installed capacity in Q1 FY27 has reached approximately 445 MW, bringing its total installed capacity to around 13,900 MW.
Mr. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, stated that the early commissioning reflects the company's execution capabilities and its focus on a diversified generation portfolio. He highlighted hydro power's role in grid stability and clean energy, and how Tidong strengthens their presence in Himachal Pradesh. The company aims to reach 30 GW generation capacity and 40 GWh of energy storage capacity by 2030, targeting carbon neutrality by 2050.
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