Mumbai, Apr 3 (UNI) Clean Development Mechanism (CDM) is a trend that is picking up with Indian companies and underpinning this growth is the Indian government's committment to the market, having approved several key projects in recent months.
Taking the lead in India, EcoSecurities Group, one of the world's leading originators of carbon credit projects and Amrutkrishna Power Generation Ltd, a major power solutions and industrial consultancy provider from Secunderabad, have signed a purchase agreement to buy Certified Emission Reductions (CERs) from four different bio mass power projects (generation capacity ranging between 6-15 MW) across Andhra Pradesh.
Positioned at the forefront of carbon market development in India and as a recognized Clean Development Mechanism (CDM) specialist, EcoSecurities will provide Amruthakrishna Power Generation with greenhouse gas mitigation services. Both companies have agreed to work together closely in order to develop further carbon reduction projects, particularly in the field of biomass.
Talking to UNI, EcoSecurities Director Ishani Chatopadhyay said, "In a country with a population of over 1 billion people and of which 70 per cent depends on agriculture, there is an ever increasing need to dispose of biomass generated waste in an environmentally positive fashion. Working closely with Amruthakrishna Power Generation will provide both of our companies with a significant opportunity to help a wide range of organisations across India benefit from the development of CDM projects.'' Carbon Credit Projects are undertaken when the companies take the initiative to reduce carbon di-oxide or green house gas emissions.
UNI VS KD AG1652