Reliance Power’s Sasan project gets carbon credit nod
India’s wholesale price index (WPI)-based inflation climbed to 17.05% for the week-ended January 22 — up from the previous week’s 15.57% — reflecting price shocks in essential commodities, data released on Thursday showed.business Updated: Feb 04, 2011 01:42 IST
Reliance Power announced on Thursday that its Sasan Ultra Mega Power Project (UMPP) has been registered with Clean Development Mechanism Executive Board (CDM-EB) of United Nations Framework Convention on Climate Change (UNFCCC).
The registration with CDM-EB allows Sasan Project to earn certified emission reduction (CER) credits, each equivalent to one tonne of carbon-dioxide (CO2). These CERs can be traded and sold, and will result in significant additional revenues for the super-critical ultra mega power project.This is the first UMPP from India to be registered with the CDM–EB. It is also the world’s largest power generation plant ever registered with the CDM–EB under Clean Development Mechanism framework since its inception.
“The project will generate approximately 22.5 Million CERs for the initial 10 years of operation with the expected incremental revenue from the sale of CERs of over R2,000 crore,” said a company statement.