It has received accreditation from the Executive Board of Clean Development Mechanism, according to an exchange release. The accreditation is for a 100 MW Concentrated Solar Power (CSP) project in Rajasthan.
The United Nations Framework Convention on Climate Change(UNFCCC) allows companies to gain so-called carbon credits for lowering emissions. These credits can be traded or sold to companies who have exceeded their permitted emissions, creating a financial incentive for lowering negative impact on the environment.
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Reliance Power sees the sale of Certified Emission Reductions(CERs) as a source of revenue.
“Reliance Power’s 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 10 years,” claimed the company in its statement.
The project is based out of Dhursar, Jaisalmer District, Rajasthan.
Reliance Power has 1,540 MW of operational power generation assets, according to its website. The projects under development include seven coal-fired projects to be fueled by reserves from captive mines and supplies from India and elsewhere; two gas-fired projects; and twelve hydroelectric projects, six of them in Arunachal Pradesh, five in Himachal Pradesh and one in Uttarakhand, it said.