Jakson Green To establish green hydrogen project in Rajasthan

28 Oct 2022 CW Team

Jakson Green has agreed to invest Rs. 224 billion to establish a green hydrogen and green ammonia project in Rajasthan over the course of several years.

According to a statement from Jakson Green, the business and the Rajasthani government have an MOU to this effect.

As stated in the statement, Jakson Green will construct a 3,65,000 tonne per year green hydrogen and ammonia plant along with a phased-in integrated hybrid renewable power complex.

According to the project, over 32,000 direct and indirect job opportunities will be created during the scale-various up's phases, which are scheduled to occur between 2023 and 2028.

The Principal Secretary of Energy for the Rajasthani government, Bhaskar S Sawant, and Vish Iyer, Global Chief Commercial Officer for Jakson Green, signed the Memorandum of Understanding.

"This agreement with Jakson Green is further testimony to the state's investor centric policies," Sawant said.

It stated that, among other things, the Rajasthani government would assist Jakson Green in obtaining the required registrations, approvals, and clearances.

“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," Bikesh Ogra, Founding Promoter, Managing Director & CEO of Jakson Green said.

Jakson Green recently announced its global ambitions to become a leading developer and integrator of green hydrogen and green ammonia assets in specific geographies. In addition, the company is considering expanding into the independent hydrogen and ammonia production and electrolyser manufacturing sectors.

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