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.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..