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Carbon credit cheques distributed

September 22, 2014 12:46 am | Updated November 19, 2016 12:25 am IST - VISAKHAPATNAM:

S. Vijayasri of Sri Sai Krupa Innovative Building Materials, receiving Carbon Credits certificate from Builders' Association of India member Ch. Ramakotaiah and NTPC Group General Manager A. K. Samanta as S. Viijayakumar of Vijay Nirman looks on at a function in Visakhapatnam on Sunday. Photo: C.V. Subrahmanyam

Over 80 entrepreneurs from Tamil Nadu, Chhattisgarh, Jharkhand, and the State received cheques worth Rs. 96 lakh at the last of the cheque distribution ceremonies for carbon credit programme of the World Bank here on Sunday.

This was the eighth such programme by Eco Carbon Pvt Ltd under the CDM programme signed with the World Bank, N. Bhanumathidas, director general, Institute for Solid Waste Research and Ecological Balance (INSWAREB) and managing director of Eco Carbon Pvt Ltd, said here.

The contract with the World Bank has come to an end this year with the delivery of over 34,000 carbon credits. Another Rs. 27.55 lakh was earmarked for community welfare programme for the improvement of labour working in FaL-G brick units, she said.

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Congratulating Bhanumathidas and her husband Kalidas on their untiring efforts to take the FaL-G bricks industry to present level and distributing the credit in the most transparent manner to the beneficiaries, Ch. Ramakotaiah, member of All India Executive Council of Builders’ Association of India, showered praises on them.

CMD of Vijay Nirman Co. Pvt. Ltd. and one of the dignitaries S. Vijay Kumar commended the way FaL-G technology was promoted despite stiff resistance from certain quarters and recalled that his doctorate was on FaL-G as structural element.

Group General Manager of NTPC-Simhadri Asim Kumar Samanta noted with surprise the achievements of FaL-G technology in transforming lives of thousands of entrepreneurs.

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