Statkraft Sells Tidong Hydropower Project to JSW Energy
- Statkraft sells 150 MW Tidong hydropower project in Himachal Pradesh to JSW Energy.
- The Tidong plant is expected to start operations in 2026.
- The transaction requires regulatory approvals.
- Statkraft focuses future investments on Europe and South America.
Transaction Overview
Statkraft has signed an agreement to sell the Tidong hydropower project in Himachal Pradesh to JSW Energy Ltd. The project is a 150 MW run-of-river plant currently under construction.
Project Timeline
The Tidong hydropower plant is expected to be completed and operational by 2026. The transaction is subject to regulatory approvals and the fulfillment of conditions precedent.
Strategic Shift
Statkraft is divesting its India portfolio to focus on select markets in Europe and South America. This transaction is part of a broader strategy to build scale and enhance competitiveness in these regions.
Background
Statkraft entered the Indian market in 2004 through its joint venture SN Power, becoming the first foreign investor in the country's hydropower sector. Over two decades, it developed a diversified renewable energy portfolio in India.
Source: Statkraft