Jackson Green Signs 400 MW Solar Power Pact with NHPC
The project tends to Contribute to eliminating nearly 752,000 MT/year of CO2 emissions, the project will also create valuable job opportunities during the construction and operation phases.
Jackson Green, a new energy transition platform, announced on Wednesday that it has signed an agreement with state-owned NHPC to supply 400 MW of solar power. This marks Jakson Green's first Power Purchase Agreement (PPA) with NHPC Ltd, according to a company statement.
This agreement marks a significant milestone for Jakson Green, solidifying its position as a fast-growing Independent Power Producer (IPP) with a total portfolio of 1 GW under development, the statement added.
"We are thrilled to embark on this agreement with NHPC, the first of many more to come. This 400 MW PPA, our largest to date, with NHPC is a monumental achievement for Jakson Green," Kannan Krishnan, Joint Managing Director, Jakson Green Pvt Ltd said.
Read Also : Bank of India enters into an MOU to provide salary account facilities for Coal India Limited employeesThis new project will be located in Rajasthan and connected to the central grid, with an expected clean energy generation sufficient to power around four lakh households annually.
The project tends to Contribute to eliminating nearly 752,000 MT/year of CO2 emissions, the project will also create valuable job opportunities during the construction and operation phases.
In a competitive bidding process conducted by NHPC last year for pan-India CTU connected projects, Jakson Green successfully won 400 MW capacity, securing a favorable tariff of Rs 2.53 per unit. The project is scheduled for commissioning within 24 months of signing the PPA.
Read Also : PFC Secures largest-ever foreign currency term loan of USD 1.265 billionThe power purchased by NHPC for 25 years is provisioned for sale to discoms, as reported officially.
Read Also : HDFC Bank Q2 Business update, deposits up over 15% YoYNews Must Read
- Garden Reach Shipbuilders receives LoA from Government of West Bengal
- Bank of Baroda Q2 business update: Domestic deposits up by 7%, global business expands 10.23%
- NTPC Unchahar Head of Project Conquers Everest Base Camp
- PM Narendra Modi inaugurates GAIL’s CBG Plant in Ranchi
- SBI to add 600 branches in its network during FY25: Chairman C S Setty
- Power Grid signs SHA with RVPN to form JV in Rajasthan
- NHPC CMD highlights critical importance of dams in India's water management
- NTPC Mining delivers stellar performance in Half Yearly of FY2024-25
- HAL Delivers First AL-31FP Aero Engine to IAF Under New Contract
- HAL’s Advanced Light Helicopter all set for ONGC Offshore Missions