India’s online news source Business Standard reports UNFCCC has given out around 25,000 carbon credits to Indian business group for its CDM project. The 12 MW project uses waste heat recovery process to cut GHG emissions at a plant in the Indian province of Andhra Pradesh.
It has been estimated that the . Lanco Industries will run this project for ten consecutive years ending on Sep 30, 2016.
The current disbursement of carbon credits will earn Lanco around 33 million Indian Rupees, as the current CER price in the is Indian Rs 1,340 per tonne.
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