The projects are to be set up through engineering, procurement and construction (EPC) mode for the customers in India, Africa and Middle East regions, Jakson Green said in a statement.
Group company Jakson Green has won a project from NTPC to establish a methanol synthesis facility, having a capacity 10 tonnes-per-day (TPD) at its VTPP plant in Madhya Pradesh, it said.
It will set up 3 GW manufacturing capacity in a phased-wise manner over the next few years
The company is present in solar power, battery energy storage system, distributed energy & solar and electrical EPC space and it has four manufacturing facilities in India.
We aim to break ground on our alkaline electrolyser manufacturing set-up this year
In a statement, Jakson Group said its group company "Jakson Green has bagged a solar EPC order from Amplus Solar. Jakson Green will deliver the solar power project in Bikaner within 8.5 months of initiation."
Another industry expert said that any relief in the timelines of ALMM implementation would give time to domestic manufacturers to expand
The 100MW portfolio comprises three operational solar power projects in Uttar Pradesh and Rajasthan and has a power purchase agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd and Uttar Pradesh Power Corporation for 25 years.
“With this partnership, Jakson and Al Naboodah Electrics will look to capitalise on UAE government’s Energy Plan, which aims to increase clean energy use by 50 per cent by 2050 with solar-based power playing a crucial role,” the company said in a statement.
In a release, the bank said it made an announcement for "mobilising USD 1 billion till 2023 and USD 5 billion till 2030 towards financing solar energy projects in India".
The firm, which has a small 70 MW manufacturing plant in Greater Noida at present, is confident about competing with Chinese imports.
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