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Reliance Power Ltd’s 3,960 MW Tilaiya Ultra Mega Power Project, being developed by its wholly owned subsidiary Jharkhand Integrated Power Ltd (JIPL), has got approval for carbon credits from the United Nations Framework Convention on Climate Change (UNFCCC).
The plant would generate 21.3 million carbon credits during the first 10 years valued at over Rs 2,000 crore, the company said in its filing with the stock exchanges.
The pit-head based thermal power project has been registered with Clean Development Mechanism Executive Board of UNFCCC which allowed the project to earn Certified Emission Reductions (CERs) that can be traded translating into direct revenue to RPL.
The plant has 6 units of 660 MW each and JIPL has entered into a 25-year power purchase agreement with clients for its entire capacity and would supply power to 18 consumers in 10 States and it is the largest investment undertaken by any private investor in eastern India.
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