Jakson Green, part of the Jakson Group, said it had signed a Memorandum of Understanding (MOU) with the Rajasthan government to invest about 22,400 crore, roughly $2.8 billion , in the State to set up a Green Hydrogen and Green Ammonia project in phases.
Jakson Green will set up a 3,65,000 tonnes per annum Green Hydrogen and Green Ammonia plant in Kota along with an integrated hybrid renewable power complex in a phase-wise manner.
The project is expected to generate over 32,000 direct and indirect EMPLOYMENT opportunities across various scale-up phases planned between 2023 and 2028. The Rajasthan government would facilitate Jakson Green in obtaining necessary registrations, approvals, clearances, and provide incentives, among others, it added.
The firm is actively developing a pipeline of , green hydrogen and ammonia projects in India and abroad. It has a vision of being a power-to-X player, cumulatively producing over 1 million tonnes per annum (MTPA) of green hydrogen/ammonia by 2030.