Jakson Green Signs 400 MW Solar Power Purchase Agreement with NHPC
The project is set to be commissioned within 24 months of signing the PPA.
July 03, 2024. By News Bureau
The PPA was signed between Onkar Yadav, General Manager, NHPC and Kannan Krishnan, Joint MD, Jakson Green in the presence of M.K Gupta, Executive Director, NHPC and other senior dignitaries of both companies.
In a competitive bidding process conducted by NHPC last year for Pan-India CTU connected projects, Jakson Green successfully won 400 MW solar capacity, securing a favorable tariff of INR 2.53 per unit. The project is set to be commissioned within 24 months of signing the PPA. The power acquired by NHPC for 25 years is set aside for sale to discoms.
Commenting on this, Kannan Krishnan, Joint Managing Director, Jakson Green Private Limited said, “We are thrilled to embark on this agreement with NHPC, the first of many more to come. This 400 MW solar PPA, our largest to date, with NHPC is a monumental achievement for Jakson Green. It underscores our commitment to becoming a leading IPP platform in India and contributing to the nation's clean energy transition, while creating value for our stakeholders. Partnering with a prestigious organization like NHPC further validates our capabilities and opens exciting opportunities for future collaborations."
This new project will be located in Rajasthan and connected to the central grid, is intended to provide enough clean energy to power around four lakh households each year. The project will offer vital job opportunities during the development and operation phases while also reducing CO2 emissions by almost 752,000 MT per year.
Following the successful signing of PPAs with SECI and RUVNL earlier this year, the 400 MW solar agreement with NHPC propels Jakson Green to a 1 GW IPP portfolio. These strategic relationships reinforce Jakson Green's position as a market leader in India's clean energy sector, allowing it to have a significant impact on the country's renewable energy targets.
please contact: contact@energetica-india.net.
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix
Muthu Subramanian
MD & General Manager
From Charging to Swapping: How Yuma Energy is Changing EV Refueling