APL has achieved yet another laurel, a global first with certification of its first super critical technology based upcoming project at Mundra from United Nations body authorized under Kyoto Protocol to register such projects after elaborate and stringent scrutiny. This is the world's first project based on Super-critical technology to get registered as CDM Project under UNFCCC.
APL is setting-up 9240 MW thermal power generation capacity; 4620 MW at Mundra, Gujarat, 3300 MW at Tiroda, Maharashtra and 1320 MW at Kawai, Rajasthan. Out of total 9240 MW capacity, more than 85% is based on environment friendly Super-critical technology. The first two Super-critical units of 660 MW each at Mundra, which are expected to be commissioned in 2010-11. have received this distinction.
At present in India, sub-critical coal fired power generation is the commonly used technology with no super-critical or advanced super-critical plants in operation. The efficiency of super-critical coal fired power plant is quite high compared to sub-critical coal fired power plants. Enhanced plant efficiency reduces emissions of C02 and all other pollutants by consuming less fuel per unit of electricity generated. The efficiency improvements and thereby reduction in C02 Green House Gas (GHG) using super-critical technology leads to registration of such Thermal Power Project as Clean Development Mechanism (CDM) project and earning of Certified Emission Reductions (CERs) through the CDM under the Kyoto Protocol.
A complex and grueling process of project evaluation involves Host Country Approval (HCA) from Ministry of Environment & Forest in India, evaluation by Independent Validator of the Project Concept Note and Project Design Document, followed by review of Independent Validators report by Committee Members of UNFCCC with final queries being raised by UNFCCC committee members which needs to be replied by the company with supporting documentation.
During the 51st Executive Board of meeting of UNFCCC held at Copenhagen, Denmark between November 30, 2009 to December 04, 2009, the committee members had reviewed the replies and various documents submitted by APL and approved this project as CDM project. As per the calculations made in line with the guideline of the UNFCCC under the ACM013 methodology applicable to this project, Mundra 2x660 MW TPP will be eligible to generate 18,39,560 CER per annum for 10 years from the first year of generation.
Commenting on this achievement, Mr. Gautam Adani, Chairman, Adani Group said, "We are extremely pleased with this achievement particularly because the project has been accredited at a time when the concept of growth with the clean technology is yet evolving. We currently have a total of over 9000 MW under implementation; of which almost 8000 MW is Super-critical technology based. We remain committed to Clean Development in our pursuit to be the largest private sector power generation company".
The Adani Power stock was trading at Rs.101.15, up by Rs.0.50 or 0.50%. The stock hit an intraday high of Rs.103.40 and low of Rs.100.70.
The total traded quantity was 801528 compared to 2 week average of 937850.
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