JSW Energy’s wholly-owned subsidiary, JSW Neo Energy, has entered into an agreement with Statkraft IH Holding to acquire 100 percent equity shares of Tidong Power Generation for Rs 1,728 crore.
The acquisition, announced in a regulatory filing, is subject to necessary regulatory approvals and other customary conditions under the definitive agreement. The deal values Tidong Power at a valuation of approx. Rs 1,728 crore, with closing adjustments to be made as per the share purchase agreement.
JSW Energy’s move strengthens its presence in the renewable energy sector and expands its operational footprint. This strategic acquisition aligns with the company’s long-term growth and sustainability objectives in India’s fast-growing power generation market.