*Adani Power gets government nod for two projects to draw carbon credits worth Rs 2.90 billion annually*
- India's national authority on clean development mechanism (CDM) has approved Adani Power's two power projects to draw carbon credits worth Rs 290 crore annually. The company has made efforts to significantly reduce greenhouse gas emissions (GHG) and increase productivity of its plants located in Maharashtra and Gujarat. The combined power generation capacity of the two power projects are 3,960 MW. "Though the details are confidential, we can state that we have got the government approval for the projects," Adani Power spokesperson Devendra Amin said. · Adani Power(APL) is setting up the two coal-fired power plants with super-critical technology. The technology, which is operated at higher temperatures, increases plant's efficiency and lowers emissions of carbon dioxide. The company is investing about Rs 18,270 crore in the two projects. The two units will be eligible to generate 2,617,567-carbon emission reduction (CER) per annum till 2012, Mr Amin said. The current trading price of CER is at 12 Euro per CER. Thus, APL will be able to generate revenues of Rs 140-150 crore annually from it. · These plants will have condensing steam turbines where steam would be utilized only for power generation and the electricity generated would be used for the local and national grid. The two plants have a steam temperature of 5,710 Celsius and a pressure of 25.4 Mpa (Mill Pascal). The super-critical coal fired power plants attract high capital investment compared to the sub-critical coal fired power generation. The efficiency improvements and thereby reduction in GHG leads to earning of CERs through the CDM under the Kyoto Protocol. The project to be located in Taluka, Gujarat and Gondia in Maharashtra is expected to be completed by April 2012. Source<http://economictimes.indiatimes.com/news/news-by-industry/energy/power/Adani-Power-gets-govt-nod-for-two-projects/articleshow/6044763.cms> -- Regards Abhishek Mundra -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
