Jakson Green, the new energy transition platform of Jakson Group, has signed a Memorandum of Understanding with the Government of Rajasthan to set up green hydrogen and green ammonia facilities in the northern state.
According to a media release by Jakson, the group will invest around Rs.22,400 crore in phases to set up the said facilities.
The MoU was signed by Vish Iyer, Global Chief Commercial Officer, Jakson Green and Bhaskar S Sawant, Principal Secretary of Energy to Government of Rajasthan. (See photograph)
Jakson Green, it may be mentioned, recently announced its ambitions to be a leading developer and integrator of green hydrogen and green ammonia assets across select geographies. It is also exploring opportunities in the electrolyzer manufacturing space.
Integrated complex
Jakson Green will set up a 3,65,000 tonnes per annum (tpa) green hydrogen and green ammonia plant 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.
Ideal destination
Speaking on the occasion, Shri Bhaskar S Sawant, Principal Secretary of Energy to Government of Rajasthan said, “It has been proved again that Rajasthan is the most ideal destination for investments in the new energy transition. This agreement with Jakson Green is further testimony to the state’s investor centric policies.”
Proven record
Calling the association, a significant milestone in the state’s green hydrogen progress, Bikesh Ogra, Founding Promoter, Managing Director & CEO of Jakson Green said “Given our strong focus on technology and execution, with a proven team that has delivered over 10GW 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.”
