Jakson Group to set up 50 Mw greenfield solar plant for Rs 300 cr in UP

Spread over 300 acres, the independent power project is projected to be operational in 18-24 months

Solar energy company Jakson Group is investing nearly Rs 300 crore in a solar power plant in Jhansi district of Uttar Pradesh.

The 50 megawatt (Mw) independent power plant (IPP), spread over 300 acres, is projected to be operational in 18-24 months, company managing director Sameer Gupta told Business Standard in Lucknow.

He said the focus of the central and state governments on green and renewable energy, including electric vehicles, had provided the much needed boost to the sector, which is projected to grow substantially owing to proactive policies and consumer demand.

Gupta said the foundation of the plant would be laid during