inserted ``MOVE TO'' reject in first par...because the first step to rejection would be for the board to call for a review this week...apologies for any confusion
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UN Carbon Board Should Reject India Coal Plant, CDM Watch Says
2010-09-14 09:59:24.510 GMT
By Mathew Carr
Sept. 14 (Bloomberg) -- A United Nations board overseeing
the world's second-biggest carbon market should this week move
to reject an application for tradable credits from a proposed
Indian coal plant, said CDM Watch, the environmental lobby group.
The plant, to be operating as early as next year by Adani
Power Maharashtra Ltd., does not need the credits because
India's energy policies "provide sufficient incentives," Bonn-
based CDM Watch said yesterday in an e-mailed statement.
The so-called energy-efficient plant, in Tirora in central
India, was to produce about 15 percent fewer emissions than more
conventional technology, according to a document submitted to
the UN Framework Convention on Climate Change, which oversees
the Clean Development Mechanism program.
Vineet Jain, a senior vice president at Adani Power based
in Ahmedabad and listed as a contact for the project, didn't
immediately reply to an e-mail seeking comment. Calls to his
phone numbers weren't answered.
For Related News and Information:
Top Power Stories: PTOP <GO>
Emissions-trading stories: NI ENVMARKET BN <GO>
Today's top energy news: ETOP <GO>
European power-markets home page: EPWR <GO>
--Editors: Alex Devine, Rob Verdonck.
To contact the reporters on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss on +44-20-7073-3520 or
sev@bloomberg.net
