| This is valid annually for the next 10 years following the registration of its 6 Mw biomass-based power plant with the United Nations Framework Convention on Climate Changes (UNFCCC). |
| The captive plant at Ludhiana, installed under the Clean Development Project, displaces the power from grid generated through fossil fuel and thus helps in reducing green house gases. The plant started generation in the first half of this fiscal. |
| The carbon credits, as defined by Kyoto Protocol, are one tonne of carbon emitted by the burning of fossil fuels. |
| This is measured in terms of the number of megawatts versus emissions from a co-generation power plant and compared with that of a wind plant, which is a zero emission plant. |
| One credit or Certified Emission Reductions is equivalent to one tonne of emission reduced. |
| The Indian carbon credits market is estimated at $40-$50 million. This has prompted EcoSecurities, originator, developer and trader of carbon credits, to set up office in India. |
| Speaking to Business Standard, Malwa Industries Ltd President (Denim) Tarun Chawla said, "India is emerging as a serious player in the global carbon credits market. " |
| "Credits are sellable and would generate revenue to the company at approximately euro 12-14 per carbon credit," he added. |
| Malwa Industries Ltd, a part of the Ludhiana-based Malwa Group, has a garment production capacity of 10 million pieces per annum and a fabric production capacity of 20 million metres per annum. Fabric production capacity will increase to 40 million in the next couple of years. |
| The company is the only integrated manufacturing concern in the sector with state-of-the-art manufacturing plants for various products like yarn, jeans and garments at Ludhiana and Jordan. |
| It also has a design studio and garment processing facility in Italy with significant research and development skills in the fabric business. |
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