By IANS,
New Delhi: Jaiprakash Power Venture Ltd. (JPVL) Thursday said its 1,000 MW hydroelectric project in Himachal Pradesh has been registered by the United Nations Framework Convention on Climate Change (UNFCCC) for clean development mechanism (CDM) benefits.
The Karcham Wangtoo Hydro Electric Project is situated on Sutlej river. Built with an investment of Rs.6,900 crore, it is the largest hydropower project to be commissioned in the 11th Five Year Plan.
The project comprises an 88-metre high dam with an underground power house at Wangtoo. It involves about 45 km of tunneling, including the largest underground desilting arrangements in the world.
According to the company, it will provide 3.54 million of carbon dioxide reductions in a year.
At current rates, JPVL is expected to get carbon credits worth Rs.80 crore to Rs.100 crore per annum, and the crediting period is from Oct 15, 2011, till Oct 14, 2021, the company said in a statement.
The Jaypee Group through its company JPVL currently owns and operates three hydro power projects, namely 300 MW Baspa-II, 400 MW Vishnuprayag HEP, and 1,000 MW Karcham Wangtoo HEP, making it the largest producer of hydro power in the private sector.