Jakson Green to develop $2.8bn green hydrogen project in west India
SUMMARY
The project will be developed in phases between 2023 and 2028.
By Shardul SharmaPOSTED IN:
Mumbai-based Jakson Green has signed a memorandum of understanding with the government of the western Indian state of Rajasthan to invest about 224bn rupees ($2.8bn) in the state to set up green hydrogen and green ammonia project, it said on October 25.
The company will set up a 365,000 metric tons/year green hydrogen and green ammonia plant along with an integrated hybrid renewable power complex in phases between 2023 and 2028. The government of Rajasthan would facilitate Jakson Green in obtaining necessary registrations, approvals, clearances, and provide incentives.
“Given our strong focus on technology and execution, with a proven team that has delivered over 10GW of green energy assets across 26 countries, we are confident of delivering a state-of-the-art green ammonia and green hydrogen facility in Rajasthan,” Jakson Green CEO Bikesh Ogra said.
The company said it is actively developing a pipeline of renewable energy, green hydrogen and green ammonia projects, both in India and abroad.
