We are optimistic about the hydropower sector: JSW Energy's Prashant Jain

The power ministry, in a recent notification dated January 29, had extended the mandatory HPO till 2030.

JSW Energy is among the few privately owned power generators betting big on hydropower, which is a revenue spinner for the company. 

“We are optimistic about the hydropower sector. More so, after the hydropower purchase obligation (HPO) notification by the Ministry of Power. This will lead to more power purchase agreements. We will be looking at larger hydropower projects,” said Prashant Jain, joint managing director and chief executive officer, JSW Energy.

JSW is operating 1.3-gigawatt (Gw) hydropower projects currently. Recently, the Haryana Electricity Regulatory Commission had approved a power procurement offer of JSW Energy for supply of 240 megawatt of hydropower. The