The Hindu Business Line : ONGC to have clean development mechanism project

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New Delhi Feb. 6 ONGC has become the first public sector undertaking to have a clean development mechanism (CDM) project registered at the UN. In a statement issued here on Tuesday the company said, "ONGC's march towards mitigating climate change and environment protection got a boost as its first CDM project has been registered by the United Nations Framework Convention for Climate Change (UNFCCC) on Monday."

The project, "Waste Heat Recovery and using the recovered heat for heating oil" at MS platform in Mumbai High involves recovery of heat from the exhaust of the process gas compressors and using the heat for heating process oil. This is one of the 13 projects ONGC has developed as potential CDM projects in the first phase. The remaining 12 projects are also expected to be registered soon, the statement said.

In the second phase, ONGC is developing 17 more CDM projects. According to the statement, CDM group was formed in ONGC under Director (Onshore), Mr A. K. Hazarika with a view to develop CDM projects in ONGC with a dual purpose - to join the fray of environmentally sensitive companies concerned with climate change mitigation and also to reap benefits from carbon credits.

The Clean Development Mechanism is one of the three flexible mechanisms of the Kyoto Protocol. According to this protocol, signatory industrialised nations (Annex I countries) shall reduce their collective emissions of Green House Gases (GHG) by an average of 5.2 per cent over a five year period of 2008-2012 compared to the emission in the year 1990. These mechanisms are designed to make it easier and cheaper for industrialised countries to meet the greenhouse gas (GHG) emission reduction targets that they agreed to, under the Protocol.

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