Date:28/10/2006 URL: http://www.thehindu.com/2006/10/28/stories/2006102811990400.htm

Karnataka - Bangalore

MSPL's project gets CDM registration

Special Correspondent

It will replace conventional energy equivalent to 356.83 million units

Project will deliver approximately 356.83 MU a year

Power will be transmitted to KPTCL grid

Bangalore: The wind energy project of Baldota group company MSPL in Karnataka has been registered by the United Nations Framework Convention on Climate Change (UNFCC) as a clean development mechanism (CDM) activity.

This green project will replace conventional energy equivalent to 356.83 million units (MU) a year and thereby reduce emission of greenhouse gases (GHGs) by 25,32,400 tonne carbon dioxide (CO{-2}) over a 10-year project-crediting period. In the absence of the project, the energy would have been sourced from combustion of fossil fuels such as coal, gas or oil resulting in equivalent GHG emissions.

The fuel/energy saved by using wind energy and the resultant lower CO{-2} emitted into the atmosphere are quantified using a conversion factor. The entity is then issued a certificate to trade in carbon credits or certified emission reduction (CER). Each CER stands for one tonne equivalent of CO{-2} reduction and can be traded globally.

MSPL diversified into generating wind power in 2001 by setting up a 125-MW wind power project in Karnataka with an investment of Rs. 675 crore.

MSPL Wind Energy Project is the largest renewable energy project in the world registered by the UNFCCC.

The project, located in the Chitradurga, Davangere and Bellary districts.

"There is an increasing focus on renewable energy across the world. India too represents a lucrative market for clean energy, and this project will provide us the first mover advantage. MSPL's success will encourage other players to venture into this sector. Our group has a total installed capacity of 161 MW and will add 50 MW by March 2007," said Narendra Kumar Baldota, chairman, Baldota group.