SJVN has issued a Letter of Award (LoA) to EKI Energy Services for Registration, Issuance and Purchase / Trading of International Renewable Energy Certificates (IRECs) Mechanism for 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS).
The I-REC, an International Renewable Energy Certificate, represents transferable proof that one MWh (1,000 units) of electricity was produced from renewable energy sources and added to an electrical grid. Purchasing an I-REC allows the buyer to claim consumption of one MWh of renewable energy. I-RECs can originate from wind, solar, ocean energy, biomass, hydropower, landfill gas, aerothermal, geothermal, and landfill gas projects. This will have significant impact on Environment as it will lead to reduction in Carbon Emissions.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
