As the licensing, engineering, procurement, and construction (LEPC) partner, Jakson Green will spearhead this project which is expected to begin operations within two years.
The proposed plant at Lara in Chhattisgarh will produce 10 tonnes per day (TPD) of 4G ethanol from flue gases emitted from power plants, a company statement said.
This funding will support the company's working capital requirements for its renewable energy business, both in India and internationally, a company statement said.
Jakson Green Private Ltd has signed a Memorandum of Understanding (MOU) with Deendayal Port Authority to set up a green ammonia facility, valued at approximately Rs 2,400 crore, it said.
The group as a whole (Jakson Group) has decided to scale up its solar manufacturing capacity from the current 1 GW to 2 GW. In that, it will also expand to cell manufacturing, instead of just making modules.
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.
Methanol is a cleaner alternative fuel that can be used for various purposes, including power generation and transportation.
The company has signed a Memorandum of Understanding (MOU) with the government of Rajasthan to this effect, Jakson Green said in a statement.