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JSW Energy Limited has struck another milestone in India’s renewable energy transition, announcing the commissioning of the second 80 MW unit at its landmark 240 MW Kutehr Hydroelectric Power Plant in Himachal Pradesh’s Chamba district. This development further cements the company’s status as one of the fastest-growing, diversified power producers in the country, and comes at a time when hydropower and green investments are critical to meeting the nation’s clean energy targets.
Key Highlights
The Kutehr Hydro Project consists of three units of 80 MW each, bringing the currently commissioned capacity to 160 MW, with the final unit also nearing completion.
The project features a 35-year Power Purchase Agreement (PPA) with Haryana Power Purchase Centre (HPPC), pegged at a levelized ceiling tariff of ₹4.50 per kWh, with energy earmarked for supply to Haryana’s key state distributors.
The second unit’s commissioning was synchronized with the grid shortly after the first and comes precisely during the monsoon season, maximizing water flow and generation potential for FY26.
Details of the Kutehr Hydroelectric Project
Location: Chamba district, Himachal Pradesh.
Installed Capacity: 240 MW (3 units x 80 MW).
The Kutehr project is positioned as a major greenfield hydro venture, aiming to leverage abundant Himalayan river resources.
With both the first and second units live, JSW Energy’s total installed hydropower capacity is now 1,471 MW, while the renewables (hydro, solar, wind) now make up 56% of its total generation portfolio.
Strategic Importance and Impact
The project will supply electricity for Haryana’s distribution utilities—Uttar Haryana Bijli Vitran Nigam (UHBVN) and Dakshin Haryana Bijli Vitran Nigam (DHBVN)—helping the state meet its Hydro Power Purchase Obligations as outlined by the Ministry of Power.
JSW Energy’s broader growth plan seeks to ramp up installed capacity to 30 GW and energy storage to 40 GWh by 2030. This hydro commissioning is a critical step on that path.
The company’s expanded footprint and enhanced green mix align squarely with India’s national commitment to energy sustainability and carbon neutrality by 2050.
Operational, Financial, and Industry Context
In Q1 FY26, JSW Energy posted a 42.4% year-on-year rise in consolidated net profit to ₹743 crore, driven in part by rapid renewable and hydro capacity additions.
Total installed capacity stands at 12,768 MW (across thermal, hydro, solar, and wind), up 70% compared to a year earlier, reflecting both organic expansion and recent acquisitions.
The company recently signed 605 MW of new PPAs, with additional deals expected as Kutehr’s third unit nears grid synchronization.
Shareholder and investor sentiment has trended positively with shares rebounding over 7% in two days following the Kutehr news, as markets recognize the reliability and long-term nature of hydro PPAs amid volatile power prices.
What’s Next for JSW Energy and Kutehr
The commissioning of the third (final) unit is imminent, which will bring the plant to its full 240 MW capacity and further support grid stability in North India.
With aggressive goals for green energy expansion, JSW Energy’s strategy also includes pumped hydro storage, battery storage, and potential ventures into green hydrogen, positioning it as a frontrunner in India’s renewable future.
Looking Ahead
JSW Energy’s timely execution of the Kutehr Hydro Project underlines its project management strength, bolsters regional power security, and directly feeds into the national grid just as India faces peak monsoon power demands. The move is welcomed by state utilities, industry watchers, and climate advocates alike, spotlighting how a large-scale private sector player can accelerate India’s transition to a greener, more resilient energy mix.
Sources: JSW Energy official notification, Energetica India, DSIJ, Economic Times, ScanX, Business Standard
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