Jakson Green to invest US$ 2.8 billion for Green Ammonia, Green H2 plant in Rajasthan
Indian energy solutions company Jakson Group's energy transition platform Jakson Green has signed a MOU with the Government of Rajasthan to invest about INR 22,400 Crore in the State to set up a Green Hydrogen and Green Ammonia project in phased manner.
Accordingly, the company will set up a manufacturing facility with a capacity of 3,65,000 tons per annum, 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.
Speaking on the occasion, 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."
Calling the association, a significant milestone in the state's green hydrogen progress, Bikesh Ogra, Founding Promoter, Managing Director and CEO of Jakson Green, said "We are extremely delighted to partner with the State of Rajasthan in developing one of the most realistically sized early green ammonia projects in the country".
"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. We truly appreciate the Government of Rajasthan for this partnership and for demonstrating their vision in positioning the state as a favoured green hydrogen hub by extending their utmost co-operation to our project", he added.
Recently, Jakson Green had shared its global ambitions to lead hydrogen and ammonia production and electrolyser manufacturing in the country. It claims to be actively developing a pipeline of renewable energy, green hydrogen and green ammonia projects, both in India and abroad.