State-owned energy producer SJVN Ltd has roped in carbon credit score developer EKI Vitality Providers to register, challenge and commerce worldwide renewable vitality certificates for the 1,500 MW Nathpa Jhakri hydropower venture in Himachal Pradesh.
The Worldwide Renewable Vitality Certification (I-REC) implies that one megawatt (1,000 items) of electrical energy has been produced from renewable vitality sources, SJVN mentioned in a regulatory submitting.
“SJVN has issued a letter of award to EKI Vitality Providers to register, challenge and buy/commerce I-RECs for 1,500 MW NJHPS (Nathpa Jhakri Hydropower Station),” the submitting mentioned.
IRCs can come up from wind, photo voltaic, ocean vitality, biomass, hydropower, landfill gasoline, geothermal, geothermal and landfill gasoline tasks. This can have a big influence on the setting as a result of it can cut back carbon emissions.
SJVN’s NJHPS was registered with the IREC registration mechanism from January 1, 2023 to December 31, 2027, the submitting mentioned.
SJVN expects a complete annual income of Rs 10 crore every year from I-RECs.
Underneath the executive management of the Union Ministry of Energy, SJVN Ltd is a three way partnership between the Central Authorities and the Authorities of Himachal Pradesh.
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First revealed: October 18, 2023 | 11:56 pm he