L and T IDPL project secures CDM status
The Wind Energy Project of L and T Infrastructure Development Projects Limited (L and T IDPL) has secured the Clean Development Mechanism (CDM) status from United Nations Framework Convention on Climate Change (UNFCCC), Bonn, Germany.
It has registered L and T IDPL for receiving Certified Emission Reduction (CER) certificates every year up to 2022.
"L and T IDPL recognizes that Green Energy is essential to mitigate global warming and helps maintain a sustainable eco system," the company said in a statement on Monday.
"Taking this a step further the 8.7 MW of Wind Energy Generators installed by the Company generates Green Power which caters to substantial captive consumption by L and T's establishments in Tamil Nadu," it said.
The National CDM Authority - Ministry of Environment and Forests, Government of India has approved L and T IDPL's Wind Energy Project as a 'Project contributing to sustainable development in India' and gave 'Host country approval' for the project on June 12.
The National Action Plan on Climate Change (NAPCC) envisages 15pc of the total power capacity from renewable energy sources by 2020.
Recognizing NAPCC's need, L and T has developed an action plan to increase the share of renewable / green energy in its energy mix, thereby helping to reduce pollution. Green / renewable energy forms 10.48pc of the energy consumed by L and T.
L and T Infrastructure Development Projects Limited (L and T IDPL) is a major player in Public Private Partnership (PPP) Projects in India with business interests in Roads and Bridges, Ports, Metro Rail, Wind Energy and Emerging Sectors such as Transmission Lines, Water and Railways.