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EcoSecurities in pact with Amruthakrishna to buy CERs
Our Bureau
Mumbai
,
April 3
EcoSecurities Group Plc, the originator of carbon credit projects, and Amruthakrishna Power Generation Ltd, a power solutions and industrial consultancy provider from Secunderbad, have signed a purchase agreement to buy certified emission reductions (CERs) from four different biomass power projects across Andhra Pradesh with generation capacity ranging between 6 MW and 15 MW.
EcoSecurities said that it would 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.
"The potential for structuring and commercialising carbon credits in India is underpinned by the Indian Government's commitment to the market, having approved several key projects in recent months," a release said.
"Working closely with Amruthakrishna Power Generation will provide both our companies with a significant opportunity to help a wide range of organisations across India benefit from the development of CDM projects," it added.
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