Reliance Power’s Tilaiya project gets approval for carbon creditsOctober 3rd, 2011 - 2:06 pm ICT by IANS
New Delhi, Oct 3 (IANS) Reliance Power, part of the Anil Ambani-led Reliance Group, Monday said its 3,960 MW Tilaiya ultra mega power project in Jharkhand has got approval for carbon credits from the United Nations Framework Convention on Climate Change (UNFCCC).
The Tilaiya plant will generate 21.3 million carbon credits during the initial ten-year period valued at over Rs.2,000 crore.
“The pit-head based thermal power project has been registered with the Clean Development Mechanism Executive Board (CDM-EB) of UNFCCC and it allows the Tilaiya project to earn certified emission reductions (CERs),” said a statement from Reliance Power.
The CERs can be traded and sold and translates into direct revenues for the power major. The Tilaiya power plant will have six units of 660 MW each and is based in the Hazaribagh district in Jharkhand.
The project would supply power to 18 customers in 10 states and is one of the largest investments undertaken by any private sector entity in India’s eastern part.
“This is recognition of the company’s commitment to use of clean, green technologies for reducing carbon footprints and sets a benchmark in the country,” said Reliance Power chief executive J.P. Chalasani.
- Reliance Power total income rises 124 percent in 2011-12 - May 27, 2011
- Reliance Power's Q1 operating revenues up 300 percent - Aug 11, 2011
- Reliance Power's second quarter operating revenue up 189 percent - Nov 08, 2011
- Reliance Power starts production at Sasan mines - Sep 03, 2012
- Reliance Power quarterly net profit rises 42 percent - Feb 13, 2012
- Jaiprakash hydroelectric project gets UNFCCC registration - Jun 28, 2012
- Tata Power gets first CDM project registered - Jul 15, 2010
- Reliance Power's Samalkot plant ready for commissioning - Feb 07, 2012
- Reliance Power synchronises unit at Butibori thermal plant - Jun 26, 2012
- Ambani seeks higher power tariff to ensure industry's health - Sep 04, 2012
- Jharkhand to get second 4,000 MW power plant - Jun 17, 2012
- Tamil Nadu to study LNG power project feasibility - Mar 29, 2012
- NTPC signs power purchase agreement for two plants - Nov 28, 2010
- Himachal project to get carbon credit in first for India on public land - Oct 31, 2011
- More clarity and flexibilty needed for carbon trade - Sep 08, 2010
Tags: anil ambani, carbon credits, cers, chalasani, clean development mechanism, eb, emission reductions, footprints, framework convention on climate change, jharkhand, mega power, New Delhi, pit head, power plant, reliance group, reliance power, rs 2, unfccc, united nations, united nations framework convention on climate change