Reliance Power Krishnapatnam project gets nod for carbon credits - To result in significant revenues for company

Reliance Power’s imported coal-based 3,960-MW Krishnapatnam Ultra Mega Power Project (KUMPP) has been registered with Clean Development Mechanism Executive Board (CDM-EB) of the United Nations Framework Convention on Climate Change (UNFCCC).

The registration allows Reliance Power’s KUMPP to earn Certified Emission Reductions (CERs) each equivalent to one tonne of C02. These CERs can be traded and sold, and will result in significant revenues for Reliance Power.With the registration of Krishnapatnam UMPP with CDM-EB, Reliance Power has become the largest supplier of CERs among the Indian power generation companies with 3.48 million CERs.The company will generate approximately 34.8 million CERs during the initial 10 years of operation with the expected incremental revenue from the sale of CERs of over Rs 3,100 crore.