Reliance Power Ltd. announced that its 100 MW Concentrated Solar Power (CSP) project in Rajasthan had received approval for Carbon Credits.
Reliance Power Ltd. announced that its 100 MW Concentrated Solar Power (CSP) project in Rajasthan had received approval for Carbon Credits, under the United Nations Framework Convention on Climate Change (UNFCCC).
This is the world’s largest CSP project ever registered with the Clean Development Mechanism Executive Board (CDM-EB).
CDM registration will allow the project to generate and sell Certified Emission Reductions (CERs) internationally. These CERs translates into direct revenues for Reliance Power.
The company already got CDM registration for its super-critical technology based power projects. Along with the present registration, Reliance Power has the world’s largest CDM registered capacity of more than 12,000 MW with a potential to generate 60 million Carbon Credits in the next ten years.
The present registration, in addition to that for earlier projects gives Reliance Power a CDM registered capacity of over 12,000 MW with a potential to 60 million carbon credits in the next 10 years, the company has said.
The compact linear fresnel linear technology based project, located in Jaisalmer district of Rajasthan is being implemented by Rajasthan Sun Technique Energy Pvt Ltd, a wholly owned subsidiary. The company has entered into a 25-year power purchase agreement with NTPC Vidyut Vyapar Ltd.