MCD earns Rs.10 lakh from Okhla plant
July 8th, 2011 - 9:00 pm ICT by IANSNew Delhi, July 8 (IANS) The Municipal Corporation of Delhi (MCD) has earned Rs.10 lakh from the carbon credits generated from the Okhla composting plant, an official said Friday.
With a capacity to process 200 tonnes of solid waste, the plant is run under Public Private Partnership between MCD and Infrastructure Leasing and Financial Services (IL&FS;).
The plant has reduced emission of 9,481 tonnes of carbon dioxide, resulting in earnings of about Rs.40 lakh, with the MCD having a share of 25 percent in the revenue.
MCD said the plant was converting waste into compost, which enhances soil productivity, and reducing the amount of waste dumped in landfill sites.
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Tags: carbon dioxide, compost, earnings, financial services, infrastructure, lakh, landfill sites, leasing, municipal corporation of delhi, municipal corporation of delhi mcd, New Delhi, public private partnership, rs 40, soil productivity, solid waste, tonnes