Jackson Green Signs 400 MW Solar Power Pact with NHPC

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.

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This 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.

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The power purchased by NHPC for 25 years is provisioned for sale to discoms, as reported officially.

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