Jakson Green, a new energy platform backed by India-headquartered infrastructure and renewables major Jakson Group, has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to invest about INR 22,400 crore in the State to set up a 365,000 tons-per-annum green hydrogen and green ammonia project.
Jakson Green will set up the project along with an integrated hybrid renewable power complex in a phase-wise manner. The project is expected to generate over 32,000 direct and indirect employment opportunities across various phases of the scale-up, planned between 2023 and 2028.
The Government of Rajasthan would facilitate Jakson Green in obtaining necessary registrations, approvals, clearances, and provide incentives, among others.
“Given our strong focus on technology and execution, with a proven team that has delivered over 10 GW of green energy assets across 26 countries, we are confident of delivering a state-of-the-art green ammonia and green hydrogen facility in Rajasthan,” said Bikesh Ogra, founding promoter, managing director and CEO of Jakson Green.
Jakson Green recently announced its global ambitions to become a leading developer and integrator of green hydrogen and green ammonia assets across select geographies. It is eyeing projects in independent hydrogen and ammonia production and electrolyzer manufacturing space. The firm is actively developing a pipeline of renewable energy, green hydrogen, and green ammonia projects, both in India and abroad.
Promoted and led by Bikesh Ogra, a renewable sector veteran with over 10GW of experience across 26 countries, Jakson Green has built up an impressive global presence in a short span since its inception and plans to deliver 10 GW of renewable energy assets by 2025 and 20 GW by 2030.
The firm plans to enter the electrolyzer manufacturing space, besides building and operating green hydrogen assets globally, in line with its vision of being a power-to-X player cumulatively producing over 1 million tons per annum of green hydrogen/ammonia by 2030.
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