JSW Neo Energy to Acquire 150 MW Himachal Hydro Project

23 Sep 2025 CW Team

JSW Energy’s subsidiary, JSW Neo Energy, has announced plans to acquire 100 per cent equity in Tidong Power Generation Private Limited (TPGPL). In a regulatory filing on Thursday, the company stated that it has signed a definitive agreement with Statkraft IH Holding AS for the acquisition, at an enterprise value of Rs 17.28 billion. Tidong Power Generation is developing a 150 MW hydroelectric project in Himachal Pradesh.

The transaction is subject to customary closing adjustments and is expected to be completed by 15 January 2026, once necessary approvals are obtained. These include clearance from the Government of Himachal Pradesh for change in controlling shareholding and approvals from lenders. Following completion, TPGPL will become a subsidiary of JSW Neo Energy and a step-down subsidiary of JSW Energy.

JSW Energy aims to achieve 30 GW of generation capacity and 40 GWh of storage by FY30, with renewables comprising 70 per cent of its portfolio. The company stated that the acquisition would support its renewable-led capacity growth target.

Tidong Power Generation, incorporated in 2008, reported revenues of Rs 366 million in FY23, Rs 371 million in FY24, and Rs 390 million in FY25 (unaudited). JSW Energy’s share price has risen 2.84 per cent over the past month.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..