Jakson Green has signed a Power Purchase Agreement (PPA) with state-owned NHPC to supply 400 MW of solar power. This is Jakson Green’s first PPA, marking an important step for the company as it builds its portfolio to 1 GW under development.
“We are excited about this agreement with NHPC, our largest so far,” said Kannan Krishnan, Joint Managing Director of Jakson Green Pvt Ltd.
The new solar project will be located in Rajasthan and connected to the central grid. It will generate enough clean energy to power around 400,000 households each year and reduce CO2 emissions by 752,000 metric tons annually. The project will also create jobs during its construction and operation phases.
Jakson Green won the 400 MW capacity in a competitive bidding process by NHPC, securing a tariff of Rs 2.53 per unit. The project is expected to be completed within 24 months. NHPC will purchase the power for 25 years to sell to discoms.
The PPA was signed by Onkar Yadav, General Manager of NHPC, and Kannan Krishnan, Joint MD of Jakson Green, in the presence of senior officials from both companies. This agreement follows successful PPAs signed with Solar Energy Corporation of India (SECI) and Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RUVNL), bringing Jakson Green’s total IPP portfolio to 1 GW.