Ahmedabad – Adani Power Limited, a subsidiary of Adani Enterprises Limited and part of the Adani Group, a global integrated infrastructure player, announced on September 10 that the Phase III of its 4,620 MW power plant in Mundra, Gujarat, consisting of two units of 660 MW each, has received carbon credits under the Clean Development Mechanism (CDM) of the United Nations Framework Convention on Climate Change (UNFCCC).
This achievement makes the Mundra Plant the world’s first coal fired power project to receive carbon credits. With this measure, the plant is expected to generate about 1.8 million Certified Emission Reductions (CERs) each year. Adani Power is expected to earn Rs. 600 crore by trading these carbon credits during the first 10 years of its operations.
Commenting on this achievement Mr. Rajesh Adani, MD, Adani Power, said, “While the reduced combustion of fossil fuels will help conserve precious natural resources, the carbon credit issuance to our project will also encourage other entities to implement similar projects to reduce their own carbon footprint. Additionally, we are confident of expanding our generation capacity to nearly 10,000 MW by March 2013.”
Adani Power, which is India’s largest private thermal power producer, operates the world’s largest single-location private thermal power plant of 4,620 MW capacity.
In 2009, the Phase III of Mundra Plant had the distinction of becoming the world’s first project registered under ‘ACM0013’ methodology under CDM of the UNFCCC. This methodology is used to register thermal power projects which use technologically advanced equipment that burn a lesser quantity of fossil fuel.
The other Adani Group projects registered under CDM are:
- Two units of 660 MW each under Phase I at Tiroda Plant in Maharashtra – 11.9 million CERs/year; and
- A 40 MW solar power plant at Bitta in Gujarat – 62,000 CERs/year.
Projects in Progress for CDM registration:
- Three units of 660 MW each under Phase IV of Mundra Plant
- Three units of 660 MW under Phase II & III of Tiroda Plant
- The entire 1,320 MW power plant at Kawai, Rajasthan
- The 1000 KM long, ±500kV 2500 MW Mundra-Mohindergarh High Voltage Direct Current transmission line
About The Adani Group
The Adani Group is one of India’s leading business houses with revenue of over $8 billion for financial year 2012. Founded in 1988, Adani has grown to become a global integrated infrastructure player with businesses in key industry verticals – resources, logistics and energy. The integrated model is well adapted to the infrastructure challenges of the emerging economies. For more information, visit www.adanipower.com.
Source: Adani Power Limited.
