Ministry of Housing & Urban Affairs16-August, 2011 18:27 IST
DMRC Revenue through sale of Certified Emission Reduction(CER)

                       

         The Minister of State for Urban Development, Shri Saugata Roy informed the Lok  Sabha today that  Delhi Metro Rail Corporation (DMRC) has reported    that they  have   registered    one      project     under      Clean Development Mechanism (CDM) and the revenue generated from sale of Certified Emission Reduction (CER) is as detailed below:-

 

S.

No.

Year

No. of Certified Emission Reductions (CERs)

No. of Verified Emission Reductions (VERs)

Revenue

(In Rupees)

1.

2008

37793

-

1,17,61,239.00

2.

2009

42878

-

1,30,96,965.00

3.

2010

Action initiated

78775

1,19,16,361.00

Total

80671

78775

3,67,74,565.00

 

           He further informed that one project of DMRC is registered with United Nations under the CDM. DMRC’s CDM project on regenerative braking titled “Installation of Low Green House Gases (GHG) emitting rolling stock cars in Metro system” CDM Project reference No.UNFCCC 1351, was registered with United Nations Framework Convention on Climate Change (UNFCCC) on 29.12.2007.

 

          DMRC is developing another CDM project on modal shift from which an average of 5,33,341 CERs per year are expected to accrue from 2011 to 2018.  Revenue from sale of these CERs, as per prevailing market price, will help reduce DMRC’s operational costs partially. 

 

 

 

 

AVC/VUJ

 


(Release ID :74602)