Reliance Power's 100-MW solar project gets nod for carbon credits

NEW DELHI: Reliance Power on Tuesday said its 100- MW solar power project in Rajasthan has received approval for carbon credits under the United Nations Framework Convention on Climate Change ( UNFCCC).

"This is the world's largest Concentrated Solar Power ( CSP) project ever registered with the Clean Development Mechanism Executive Board ( CDM - EB)," the company said in a statement here.

CDM registration will allow the project to generate and sell Certified Emission Reductions (CERs) internationally. These CERs translates into direct revenues for Reliance Power.

Reliance Power has already got CDM registration for its super-critical technology based power projects.

"Along with the present registration, 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," it said.

The company's CSP Project, under implementation by its wholly owned subsidiary, Rajasthan Sun Technique Energy Pvt Ltd, is Compact Linear Fresnel Reflector technology based project located in Dhursar in Jaisalmer district of Rajasthan. It has a 25-year Power Purchase Agreement with NTPC Vidyut Vyapar Nigam Ltd.

The Reliance's CSP project in Rajasthan is the largest investment undertaken, by any private sector entity, in CSP technology, in India, the statement said.