Jakson Green Secures 400 MW Solar Power Deal with NHPC

04 Jul 2024 CW Team

"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," said Kannan Krishnan, Joint Managing Director of Jakson Green Pvt Ltd.

The new solar project, slated to be located in Rajasthan and integrated into the central grid, is expected to generate clean energy equivalent to powering approximately four lakh households annually. Moreover, it will contribute significantly to reducing nearly 752,000 metric tons of CO2 emissions per year, while also creating substantial job opportunities during its construction and operational phases.

In a competitive bidding process conducted last year by NHPC for nationwide projects connected to the Central Transmission Utility (CTU), Jakson Green secured the 400 MW capacity at a favorable tariff of Rs 2.53 per unit. The project is scheduled to be commissioned within 24 months from the signing of the PPA. NHPC will purchase the power for 25 years, earmarked for sale to distribution companies (discoms).

The PPA signing ceremony was attended by key figures including Onkar Yadav, General Manager of NHPC, Kannan Krishnan of Jakson Green, and M K Gupta, Executive Director of NHPC, among other senior dignitaries.

This landmark agreement further solidifies Jakson Green's position in the renewable energy sector, adding to its successful PPAs earlier this year with Solar Energy Corporation of India (SECI) and Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RUVNL). With this latest addition, Jakson Green's IPP portfolio now stands at an impressive 1 GW, reflecting its commitment to driving India's clean energy transition forward.

Jakson Green, a leading player in India's renewable energy landscape, announced a significant achievement on Wednesday with the signing of a 400 MW solar power agreement with NHPC Ltd. This marks Jakson Green's first Power Purchase Agreement (PPA) with NHPC, underscoring its rapid growth as an Independent Power Producer (IPP) with a burgeoning portfolio. 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, said Kannan Krishnan, Joint Managing Director of Jakson Green Pvt Ltd. The new solar project, slated to be located in Rajasthan and integrated into the central grid, is expected to generate clean energy equivalent to powering approximately four lakh households annually. Moreover, it will contribute significantly to reducing nearly 752,000 metric tons of CO2 emissions per year, while also creating substantial job opportunities during its construction and operational phases. In a competitive bidding process conducted last year by NHPC for nationwide projects connected to the Central Transmission Utility (CTU), Jakson Green secured the 400 MW capacity at a favorable tariff of Rs 2.53 per unit. The project is scheduled to be commissioned within 24 months from the signing of the PPA. NHPC will purchase the power for 25 years, earmarked for sale to distribution companies (discoms). The PPA signing ceremony was attended by key figures including Onkar Yadav, General Manager of NHPC, Kannan Krishnan of Jakson Green, and M K Gupta, Executive Director of NHPC, among other senior dignitaries. This landmark agreement further solidifies Jakson Green's position in the renewable energy sector, adding to its successful PPAs earlier this year with Solar Energy Corporation of India (SECI) and Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RUVNL). With this latest addition, Jakson Green's IPP portfolio now stands at an impressive 1 GW, reflecting its commitment to driving India's clean energy transition forward.

Resources

18 Sep 2025

Foundamental Launches Third Construction Tech Fund

Foundamental, a venture capital platform focused on project-based sectors such as construction, infrastructure and heavy-industry supply chains, has launched its third fund to strengthen its India and APAC presence alongside other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, the fund is expected to reach final close by end-2025. Construction and infrastructure, representing a ~$12 trillion opportunity over the next decade, remain among the least digitised global industries. This gap, Foundamental believes, presents scope for new cate..

Resources

18 Sep 2025

Pavna Signs MoU with Tamil Nadu Government for Auto-Components Plant

Pavna Industries, a manufacturer of automotive components for passenger vehicles, two-wheelers, three-wheelers, commercial vehicles, and off-road vehicles, has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to establish an auto-components manufacturing facility at the Future Mobility Park in Shoolagiri, Krishnagiri District. As part of the MoU, the state government will extend support for the timely execution of the project. The facility is aimed at enhancing Pavna Industries’ manufacturing footprint, strengthening its role in the automotive ecosystem, and ..

Real Estate

18 Sep 2025

Smartworks Unveils Largest Mumbai Campus at Intellion Park, Navi Mumbai

Smartworks Coworking Spaces, India’s largest managed office platform by area under management, has launched its largest Mumbai campus with 557,000 sq. ft. at Intellion Park, Navi Mumbai, a Tata Realty development. With this addition, Smartworks’ leased portfolio in Mumbai has crossed 1 million sq. ft. Strategically located on Thane Belapur Road, Intellion Park is set to become Navi Mumbai’s largest IT Park, supported by strong infrastructure and connectivity. The new campus, with LEED Platinum, IFC Edge, and WELL Gold pre-certifications, incorporates solar power, smart automat..