Jakson Green, NHPC Sign PPA For 400 MW Solar Project

Jakson Green, NHPC Sign 400 MW Solar PPA, Gets 1 GW IPP Portfolio

Jakson Green today announced the signing of its first Power Purchase Agreement (PPA) with NHPC Limited. This agreement takes the company’s total portfolio of 1 GW under development.

The PPA was signed between Onkar Yadav, General Manager, NHPC, and Kannan Krishnan, Joint Managing Director (MD), Jakson Green in the presence of M.K Gupta, Executive Director of NHPC, and other senior dignitaries of both companies.

In a competitive bidding process conducted by NHPC last year for pan-India CTU-connected projects, Jakson Green successfully won 400 MW Solar capacity, securing a favorable tariff of Rs. 2.53 per unit. The project is scheduled for commissioning within 24 months of signing the PPA. The power purchased by NHPC for 25 years is provisioned for sale to discoms.

Commenting on this remarkable fleet, Kannan Krishnan, Joint Managing Director, Jakson Green Private Limited said, “We are thrilled to embark on this agreement with NHPC, the first of many more to come. This 400 MW solar PPA, our largest to date, with NHPC is a monumental achievement for Jakson Green. It underscores our commitment to becoming a leading IPP platform in India and contributing to the nation’s clean energy transition while creating value for our stakeholders. Partnering with a prestigious organization like NHPC further validates our capabilities and opens exciting opportunities for future collaborations.”

This new project will be located in Rajasthan and connected to the central grid, with an expected clean energy generation sufficient to power around four lakh households annually. Contributing to the elimination of nearly 752,000 MT/year of CO2 emissions, the project will also create valuable job opportunities during the construction and operation phases.

Building on the successful signings of PPAs with SECI and RUVNL earlier this year, the 400 MW solar agreement with NHPC propels Jakson Green to a remarkable 1 GW IPP portfolio. These strategic partnerships solidify Jakson Green’s position as a frontrunner in India’s clean energy sector, perfectly poised to make a substantial impact on the nation’s ambitious renewable energy goals.