Indian Economy News

Jakson Green to invest Rs. 22,400 crore (US$ 2.71 billion) in green hydrogen project in Rajasthan

  • IBEF
  • October 26, 2022

Jakson Green has agreed to invest Rs. 22,400 crore (US$ 2.71 billion) to establish a green hydrogen and green ammonia facility in Rajasthan over the course of several years.

Jakson Green is expected to set-up a 365,000 tonne per annum green hydrogen and ammonia plant together with a phased-in integrated hybrid renewable power complex.

Mr. Vish Iyer, Global Chief Commercial Officer, Jakson Green, and Mr. Bhaskar S Sawant, Principal Secretary of Energy for the Rajasthan government, signed the MoU.

Jakson Green has revealed its global goals to be a major developer and integrator of green hydrogen and green ammonia assets across specific geographies. The company is also considering a move into the independent hydrogen & ammonia production and electrolyser manufacturing sectors.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.