Adani Group to compete in green sector after Jakson Group to invest Rs 22400 crore in Rajasthan | Digireview

Energy and infrastructure company Jakson Group has signed an agreement with the government of Rajasthan to set up green hydrogen and green ammonia projects in the state. The company will invest Rs 22,400 crore in green energy in Rajasthan. Jackson Green will set up a 3.65,000 tpa green hydrogen and ammonia plant, as well as an integrated hybrid renewable energy complex in several phases.

The project is expected to generate more than 32,000 direct and indirect employment in various phases between 2023 and 2028. The Government of Rajasthan will facilitate Jackson Greene to provide the necessary registration, approvals, approvals and incentives, among other things. The agreement was signed on behalf of the Government of Rajasthan by Bhaskar S Sawant, Chief Secretary of Energy, and Vish Iyer, Global Chief Commercial Officer, Jackson Green.

Adani can clash

It is significant that Gautam Adani intends to invest in Rajasthan. The Adani Group has announced that Gautam Adani’s company will invest in various sectors in the coming days. It also includes the generation of 10 thousand MW of solar energy. There are also plans to invest in cement and airport upgrades. That is, Gautam Adani will invest 65,000 in Rajasthan which will have the highest investment in the green sector. At the same time, with Jackson Group’s entry into the green sector in Rajasthan, the challenge for Adani Group here may become even greater.

What did the Rajasthan government say about the settlement?

Sawant said that Rajasthan is once again proven to be at the forefront of investment in new energy transition. This agreement with Jackson Greene is a testament to the state’s investor-oriented policy.

The company appreciated the government of Rajasthan

Bikesh Ogra, founder, promoter, general manager and CEO of Jackson Green, said: “We are excited to develop one of the most real dimensions with the state of Rajasthan. He said that the Green Ammonia Project Industry in the country has more than Provided 10GW of green energy assets in 26 countries, we will set up a state-of-the-art green ammonia and green hydrogen plant in Rajasthan, he appreciates the government of Rajasthan for this.

Jackson Green recently announced its global ambitions to be a leading developer and integrator of green hydrogen and green ammonia in select geographies.

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