---
Sent From Bloomberg Mobile MSG
+------------------------------------------------------------------------------+
Tata Power Fails to Get Carbon Credits for Coal-Fired Project
2010-08-11 09:06:02.542 GMT
By Vandana Gombar
Aug. 11 (Bloomberg New Energy Finance) -- India's Tata
Power Company Ltd. failed in a bid to get carbon credits for its
4,000-megawatt coal-fired plant at Mundra in Gujarat state.
The Executive Board of the Clean Development Mechanism
rejected the company's application at a meeting held in the last
week of July, according to an update on the website of the
United Nations Framework Convention on Climate Change.
Tata Power had projected emission reductions of 26.52
million metric tons of carbon dioxide over a 10-year period
ending in December 2020. This would have meant additional
revenue of 318 million euros ($414 million) at the current
certified emission reduction price of about 12 euros.
A company spokesman declined to comment.
The Mundra plant is being BUILT by a special purpose
vehicle, Coastal Gujarat Power Ltd., a wholly owned subsidiary
of Tata Power, using "super-critical" technology. This
technology uses less coal per megawatt of output.
No super-critical plant is currently operating in India.
For Related News and Information:
Most-read alternative energy stories: MNI ALTNRG <GO>
New Energy Finance top news: TNEF <GO>
Renewable energy, environment page: GREEN <GO>
--Editors: Baldave Singh, Todd White
To contact the reporter responsible for this story:
Vandana Gombar in New Delhi at +91-11-4179-2038 or
vgombar@bloomberg.net
To contact the editor responsible for this story:
Angus McCrone in London at +44-20-3216-4795 or
amccrone1@bloomberg.net
