Mumbai, May 12 (UNI) Ramsarup, the country's second largest player in steel wire market after TISCO, has received the CDM (Clean Development Mechanism) clearance from UNFCCC for its 20 MW WHRB Captive Power Project at Kharagpur.
Company Managing Director Ashish Jhunjhunwala said in a release here that the go ahead from UNFCC was a positive sign in the Company's endeavour to go green.
The Ramsarup plant is slated to generate upto 20 MW of power hourly using waste gas emanating from MBF and DRI kilns which would help in reducing dependence on the power grid as well as making the plant eco-friendly and green.
The project would reduce annually emission of 114,996 MT of carbon dioxide. Apart from reduced carbon dioxide emission, the plant would be saving substantial energy costs. The CDM benefits would be for an initial crediting period of seven years with eligibility for further two renewals after that.
Total expected earning from CDM by selling CER would be around Rs 69 crore over a period of the initial seven years, the release added.
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