Jakson Green To Invest Rs 22,400 Cr For Green Ammonia, Green Hydrogen Projects In Rajasthan

Jakson Green on Tuesday inked a Memorandum of Understanding (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.   

The project will be undertaken in phases starting with a 15,000 tons per annum Green Ammonia facility by 2025. In total, the project is expected to create over 32,000 jobs over various stages.

 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, in the presence of other key officials from both sides.   

According to the MoU, Jakson Green will set up a 3,65,000 tons per annum Green Hydrogen and Green Ammonia plant along with an integrated hybrid renewable power complex in a phase wise manner. 

The Government of Rajasthan would facilitate Jakson Green in obtaining necessary registrations, approvals, clearances and provide incentives, among others.   

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.”   

Jakson Green has delivered over 10GW of green energy assets across 26 countries so far. The firm is actively developing a pipeline of renewable energy, green hydrogen and green ammonia projects, both in India and abroad.