Jakson Green inks pact with NHPC for supply of 400 MW solar power

New energy transition platform Jakson Green on Wednesday said it has inked a pact with state-owned NHPC for the supply of 400 MW solar power.

Jakson Green has signed its first Power Purchase Agreement (PPA) with NHPC Ltd, a company statement said.

This agreement marks a significant milestone for Jakson Green, solidifying its position as a fast-growing Independent Power Producer (IPP) with a total portfolio of 1 GW under development, the statement added.

"We are thrilled to embark on this agreement with NHPC, the first of many more to come. This 400 MW PPA, our largest to date, with NHPC is a monumental achievement for Jakson Green," Kannan Krishnan, Joint Managing Director, Jakson Green Pvt Ltd said.

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