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Adani Power’s Mundra plant to earn Rs 600 crore by trading carbon credits

10 Sep 2012 Evaluate

Adani Power, a subsidiary of Adani Enterprises and part of the Adani Group, a global integrated infrastructure player, has received carbon credits under the Clean Development Mechanism (CDM) of the United Nations Framework Convention on Climate Change (UNFCCC) for its phase III of its 4,620 MW power plant located in Mundra at Gujarat, consisting of two units of 660 MW each. 

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. The company is expected to earn Rs 600 crore by trading these carbon credits during the first 10 years of its operations. 

Adani Power has been established to carry on the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.

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