Jakson Green Signs Its First Renewable Power Pact With SECI

Jackson Green Signs Its First Renewable Power Pact With SECI

Jakson Green, a new energy transition company signed its first Power Purchase Agreement (PPA) with SECI for a utility-scale solar photovoltaic power project. 

The PPA originated from SECI’s Tranche XI auction for setting up a grid-connected solar project in India conducted last year. Jakson will be responsible for identifying suitable land, installing the project, and acquiring ownership besides ensuring necessary approval and connectivity with the ISTS network for supplying power to SECI. 

The project is expected to be operational within 18 months from the PPA signing date, and the power procured by SECI for 25 years has been provisioned to be sold to different DISCOM entities in India. Besides commercial benefits to stakeholders, the project is expected to generate clean energy sufficient to power close to one lakh households annually, contribute to the elimination of nearly 188,000 MT/year of carbon emission, and create valuable job opportunities during both the construction and operation phases. 

“We are thrilled to initiate the collaboration with SECI starting with this project, first of many to more to follow in times to come,” said Kannan Krishan, Joint Managing Director of Jakson Green Private Limited. “This agreement reinforces our commitment to partnering with leading organizations to accelerate India’s clean energy transition. We are confident this project will significantly contribute to the nation’s renewable energy goals and create lasting value for all stakeholders.” 

With this latest power pact inked Jakson Green nears assets under ownership and development of nearly 1 GW, with further PPAs for sizeable, large power assets to be signed over the next many weeks bolstered by a promising development pipeline.