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and JSW Steel Ltd. may be among the Indian companies most likely to benefit from climate change talks in South Africa that helped ensure continuation of UN carbon market past 2012.The European Union, world s biggest carbon market, vowed to extend emissions reduction tar- gets under the Kyoto Protocol that were set to expire in 2012. Those targets can partly be met through the UN carbon market, known as the Clean Development Mechanism, which awards tradable credits to companies that set up environmentally friendly projects. What has been most important for the markets is that at the end of 2012, the Clean Development Mechanism will continue in some form for another five to eight years, said Jeremy Higgs, Hong Kong based managing director of Environ-mental Investment Ser-vices Asia Ltd. Whose Green Dragon Fund in-vests in regional clean technology companies. That is good news for those companies that do and could benefit from selling carbon credits. Torrent Power, Adani Power and JSW Steel own power plants and stele factories with emissions reducing equipment which are set to earn the most tradable credits in India up to 2020. They may win more than 77 million credits valued at about $534million based on their December 9 closing price, according to data com-piled by Blomberg. Other publicly traded companies that earn money from selling credits from environment friendly projects in India, include Greenko Group Plc., which is working with general Electric Co to build wind farms in the country, Orient Green Power Co and KSK Energy Ventures Ltd. SRF Ltd., Gujarat Fluoro Chemicals Ltd. and Navn Flourine International Ltd. have earned the most credits to date among Indian companies for projects that reduce industrial gas emissions.
Rel Power eyes 3,100cr from carbon credits
TNN Jul 12, 2011, 01.45am IST Tags:
Reliance Power | Power Finance Corporation
NEW DELHI: Anil Ambani's Reliance Power expects to earn Rs 3,100 crore over a 10-year period from carbon credits generated by the two ultra-mega power projects (UMPPs) it is setting up in public-private partnership with state-run Power Finance Corporation. The company has succeeded in registering its 4,000 mw Krishnapatnam project under the United Nation's Clean Development Mechanism framework allowing the plant to earn and sell carbon credits. The plant is projected to generate 3.5 million carbon credits, worth Rs 1,100 crore, in the first 10 years.This is the company's second ultra-mega project to be registered for carbon credit trade. The Sasan project was registered earlier and is projected to generate over 22 million CERs valued at Rs 2,000 crore.
is earned by reducing a tonne of carbon dioxide emission. the main agent for global warming. The Krishnapatnam project is to be fuelled with imported coal while the Sasan project is to use domestic coal sourced from captive coal mines. Registration of the two prijects makes Reliance Power the largest supplier of carbon credits among the Indian generation companies. 7 percent. 2 percent.Each carbon credit. we have devised and implemented plans in every sector to reduce consumption per unit of production. This year. and 50 percent respectively. However. paperless warranty claims. and material consumption.000 crore. Leisure & Hospitality sector. MVML Chakan Roadmap for Sustainable Business Commitment Reducing energy consumption 2011-13 (3 years) 201314 (5 years Reducing energy consumption Last year's increase in absolute energy consumption arose from wider reporting. and M&M Financial Services business have cut consumption by 7 percent. our consumption of water and materials has increased along with production and with reporting from more Mahindra businesses. 2% 5% Reducing GHG/C02 emissions 2% 5% . worth about 14 euro. 25 percent. Key Mahindra businesses are reporting significant reductions in their energy consumption. 2% 5% Reducing resource consumption Reducing resource consumption We are working hard to implement innovative water management systems. Gears business. The two projects are being set up with an investment of over Rs 33. The Automotive sector. as Tech Mahindra and M&M Financial Services measured their energy consumption and Mahindra Two Wheelers increased production. Farm Equipment sector.
Reducing GHG/C02 emissions This year we deepened our reporting to include Scope 3 emissions. we reduce our carbon footprint by using facilities like Video Conferencing. ultimately reducing energy consumption. Finally. Green IT and green procurement prioritize power management. environmentally responsible vendors and products. We are now zeroing in on GHG-intensive areas. including the Automotive sector. release. and implement Review and updat Earning green certifications Earning green certifications We are set to surpass our goal of earning ten certifications by 2011-12. and additional Components businesses pursue accreditation. and M&M Financial Services. 10 15 Spreading sustainability awareness to stakeholders Spreading sustainability awareness to stakeholders 50% 100% . and developing strategies for anticipating higher regulations in the future. We are also consolidating IT infrastructure and increasing the use of virtualization technologies to reduce the number of physical servers in our Data Centers. Farm Equipment sector. Two Wheelers. and Telepresence technologies for global collaboration. Draft. Over the past year. identifying opportunities for reducing emissions and costs. Mahindra Holidays. and Components manufacturing plants have earned nine certifications between them. Tech Mahindra. Office Communicator. and responsible disposal of IT waste. undertake a comprehensive review of our carbon footprint according to WBSCD/WRI greenhouse gas protocol. We look forward to earning more certifications as our Holidays. All our other businesses are on track for our target of complete implementation by 2011-12. and lay the foundation for our carbon strategy. Real Estate. Mahindra Intertrade. Green IT/ Green Procurement Green IT/ Green Procurement Several Mahindra businesses have adopted Green IT policies over the past year.
Mahindra Reva Electric Vehicles Facility Mahindra Reva Electric Vehicles Facility A completely green facility for manufacturing green vehicles. thanks to regular engagement activities organized by our CSR team. Automotive Plant. Zaheerabad Automotive Plant. . shareholders. check out our Esops in Environment page. We are also engaging our NGO partners and the media through ongoing communications.300 Mahindra employees contributed their time as Esops volunteers. We continue to focus on developing awareness in our core stakeholder group of employees. 10% 20% Our Facilities Chakan Automotive Plant Chakan Automotive Plant 147 initiatives for clean manufacturing. Zaheerabad A water management system that enhances local biodiversity.We are on target to meet our goal of achieving awareness of sustainability among 50 percent of our stakeholders by 2011-2012. and investors. Over the past year. Increasing employee engagement with Esops Increasing employee engagement with Esops We¶re on track to increase employee participation in Esops by 10 percent. and we have initiated communications with our network of suppliers as well. more than 35. To learn more.
Siemens and IBN Live Ecovative Awards. A solar powered VAM (chilling machine) to assist the conventional electrically powered chillers was used. Replicability of the above mentioned innovation very good. Mahindra caters to both domestic as well as overseas market. y y y Recognitions MVML received following recognitions for the above innovation. 1. the solar power to help the paint cooling requirements in the paint shop were also used.000 M3/ Hr of hot air @ 180 to 200 Deg C) & chillers (Via the cooling towers). Air to water heat exchangers were used to recover the heat from ovens & a Heat Pump to recover the heat from the chiller condensers.5 billion Mahindra & Mahindra group. 2010 in the Low Energy Usage category. government agencies police & military. Kennametal Environmental protection award. About the innovation and emission control feature In the applied innovation MVML integrated the heating & cooling requirements of the Paint Shop.000 KWH per annum by virtue of using the Solar VAM. The heating requirement was to heat up the Paint shop process chemicals. Both Paint Shop put together can produce up to 3. Especially paint shops can deploy the innovation fully or partially depending upon their size. They assemble heavy and light commercial vehicle & utility vehicles. 50. It was seen that on one hand a lot of heat was rejected through the ovens (Approx 70.4 Lac vehicles / annum. The users of the product are from various segments like personal users.Introduction Mahindra Vehicle Manufacturers Limited is a part of US $12. Also huge paint cooling requirements were needed for which MVML used electrically operated chillers.Whereas on the other hand a huge heating requirements was needed. MVML posses two state of art Paint Shops which paint all the above mentioned bodies. The above mentioned innovations fetch following environmental benefits (at peak loads) 1500 Tons of LPG per annum by virtue of Heat recovery from the ovens & Chiller condensers. This was award from Automation Industry Association for excellence in innovation & creative automation. 500 M3 of water per annum by virtue of less usage of cooling towers. This was used as an opportunity. 11. We have shown the way to the automotive industry in specific & manufacturing industry in general to tap the possibilities of Environmental protection. The system was designed in such a way that it works INSYNC with each other in an integrated manner. much more innovations contributing towards environmental protection". . The system was modified to convert the waste heat in to usable heat & use it for the process chemical heating. y y Quote "We feel proud for achieving this path breaking innovation. This innovation gives us the sense of satisfaction of making our contribution towards sustainability. We hope that this innovation triggers further.