Jakson Green to developUS$ 2.8 Billion Green Ammonia and Green Hydrogen Project in Rajasthan

Noida, October, 2022.

Jakson Green, the new energy transition platform backed by India headquartered Infrastructure and Renewables major – Jakson Group, has signed 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 & Green Ammonia project in phases.

The MoU was signed by Mr VishIyer, Global Chief Commercial Officer, Jakson Green and Shri Bhaskar S Sawant, Principal Secretary of Energy to Government of Rajasthan, in the presence of other key officials from both sides.

Jakson Green will set up a 3,65,000 tons per annum Green Hydrogen & Green Ammonia plant along with an integrated hybrid renewable power complexin 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. The Government of Rajasthan would facilitate Jakson Green in obtaining necessary registrations, approvals, clearances, and provide incentives, among others.

Speaking on the occasion, Shri 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, Shri BikeshOgra, Founding Promoter, Managing Director & 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 assetsacross 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 fordemonstrating their vision in positioning the state as a favoured green hydrogen hubby extending their utmost co-operation to our project.”

Jakson Green has recently announced its global ambitions to be a leading developer and integrator of green hydrogen and green ammonia assets across select geographies and is eyeing a play in the Independent Hydrogen& Ammonia Production and Electrolyser manufacturing space in line with Hon’ble Prime Minister Shri Narendra Modi’s vision of Atmanirbhar Bharat. The firm is actively developinga pipeline of renewable energy, green hydrogen and green ammonia projects, both in India and abroad.