Reliance Power is trading higher by 7% to Rs 76.50 after the electric utilities firm announced that it’s wholly owned subsidiary Rajasthan Sun Technique Energy Private Limited has become eligible for carbon credits.
“The company’s 100 mega watt concentrated solar plant project in Rajasthan has received approval for carbon credits under the United Nations Framework Convention on Climate Change (UNFCCC),” Reliance Power said in a press release.
Clean Development Mechanism Executive Board will allow projects to generate and sell certified emission reductions internationally and this will translate into direct revenues for the company, it added.
The company said, it has 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 10 years.
The stock opened at Rs 72.15 and touched high of Rs 77.10 on NSE. A combined 28.74 million shares have changed hands on the counter till 1430 hours on NSE and BSE.
“The company’s 100 mega watt concentrated solar plant project in Rajasthan has received approval for carbon credits under the United Nations Framework Convention on Climate Change (UNFCCC),” Reliance Power said in a press release.
Clean Development Mechanism Executive Board will allow projects to generate and sell certified emission reductions internationally and this will translate into direct revenues for the company, it added.
The company said, it has 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 10 years.
The stock opened at Rs 72.15 and touched high of Rs 77.10 on NSE. A combined 28.74 million shares have changed hands on the counter till 1430 hours on NSE and BSE.