Jakson Green, a new energy transition platform, has announced that it has signed a pact with state-owned NHPC for the supply of 400 MW of solar power. The agreement marks Jakson Green’s first Power Purchase Agreement (PPA) with NHPC Ltd, solidifying its position as a fast-growing Independent Power Producer (IPP) with a total portfolio of 1 GW under development. Kannan Krishnan, Joint Managing Director of Jakson Green Pvt Ltd, expressed excitement about the agreement, stating that this 400 MW PPA with NHPC is a monumental achievement for Jakson Green. The new project, located in Rajasthan and connected to the central grid, is expected to generate clean energy sufficient to power around four lakh households annually. Additionally, the project will contribute to the elimination of nearly 752,000 MT/year of CO2 emissions and create valuable job opportunities during construction and operation phases. In a competitive bidding process conducted by NHPC last year for pan-India CTU connected projects, Jakson Green successfully secured a favorable tariff of Rs 2.53 per unit for the 400 MW capacity. The project is scheduled for commissioning within 24 months of signing the PPA, and the power purchased by NHPC is provisioned for sale to discoms for 25 years.