Companies

RPower gets nod for carbon credits

Anil Ambani owned Reliance Power on Friday said it expected to generate over Rs.2,000 crore by use of energy efficient and environment friendly coal technology at its 4,000 MW Ultra Mega Power Project at Sasan in Madhya Pradesh.

According to an official statement issued here, the company's Sasan project, using super-critical technology, has been registered with the Clean Development Mechanism Executive Board of United Nations Framework Convention on Climate Change (UNFCCC).

The registration with CDM-EB allows the Sasan project to earn certified emission reduction (CER) credits, each equivalent to one tonne of CO2.

The project will generate about 22.5 million CERs in the initial ten years of operations with the expected incremental revenue from sale of CERs of over Rs.2,000 crore, the statement said. The CERs can be traded and sold, and will result in significant additional revenues for the super-critical ultra mega power project.

The Sasan project is the first UMPP to be registered with the CDM–EB. It is a 3,960 MW (6 units of 660 MW each) super-critical technology based pit-head coal-fired power generating plant at Sasan, in Madhya Pradesh.

The Sasan power project is the first of the three ultra mega power projects awarded to Reliance Power. It involves development of associated captive coal mines allotted to the company, which ensures fuel security.

Sasan Power has entered into a 25-year power purchase agreement with offtake of power for its entire capacity at a competitive tariff of Rs.1.19 per kW/hour. The project would supply power to 14 off-takers in seven States benefitting over 35 crore Indians.

The estimated cost of the project (excluding coal mines) is about Rs.16,000 crore.

The project is progressing at a faster pace with the expected commissioning in the year 2012-13.

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Printable version | Apr 13, 2021 11:27:03 PM | https://www.thehindu.com/business/companies/RPower-gets-nod-for-carbon-credits/article15127585.ece

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