NEW DELHI: United Nations Framework Convention on Climate Change (UNFCCC) has registered Jaiprakash Power Venture Ltd (JPVL)'s 1,000-MW hydroelectric project in Himachal Pradesh for clean development mechanism (CDM) benefits.
The Karcham Wangtoo Hydro Electric Project is located on Sutlej river. It was built at Rs 6,900-crore investment and it is considered as the largest hydropower project to be commissioned during the 11th Five Year Plan.
Moreover, the project consists of an 88-metre high dam with an underground power house at Wangtoo. It consists of nearly 45 km of tunneling. The firm has stated that it will be offering 3.54 million of carbon dioxide reductions within one year.
At the present rates, JPVL is likely to receive carbon credits varying between Rs 80 crore-100 crore per annum.