Arunachal Pradesh targets carbon credit revenue

Itanagar: The Arunachal Pradesh Hydropower Development Department (DHPD) has become the first renewable energy generating entity in the state to claim carbon credits from the Universal Carbon Registry (UCR).

A carbon credit is a kind of permit that gives its holder the right to emit one tonne of carbon dioxide or the equivalent amount of another greenhouse gas. It is a component of national and international attempts to mitigate the growth of greenhouse gas concentrations.

Deputy Prime Minister Chowna Mein, who leads the DHPD, proposed the use of carbon credits, a long untapped resource. Officials said that carbon asset management (carbon credit trading) for DHPD hydropower plants has been done in a bundled fashion.

This was done by registering 11.998 MW, 11.925 MW, 8.32 MW and 10.91 MW with UCR numbers 090, 091, 092 and 093 respectively.

The DHPD has 74.88 million units generated by 135 state-owned factories, which equates to 54,410 carbon credits per year and can earn around ₹1.15 crore at the current market rate, the EC said ( West Zone) of the DHPD.

Arunachal Pradesh has vast hydropower potential of over 55,000 MW (identified so far) for development and its power is green power. The DHPD operates 135 micro, mini and small hydroelectric plants with an installed capacity of 81.07 MW across the state. These power plants are of the run-of-river type and eligible for carbon credit.

Hydropower Commissioner Prashant Lokhande said the decision to receive carbon credits will help the mission to achieve net zero emissions by 2070, as announced by Prime Minister Narendra Modi at the COP26 summit.

Of all the plants, 98 micro, mini and small hydropower plants representing an installed capacity of 50.295 MW were taken into account for the registration of carbon credits and asset management for the period 2014-2020.

The calculated carbon credits for this period from state-owned micro, mini, and small hydroelectric plants across the state are 250.65 million units and revenue from trading carbon credits at current market rate would be ₹4.83 crore until 2020.

Arunachal Pradesh is contributing to the carbon sink enterprise by considering 50 micro and mini hydropower projects under the Golden Jubilee Border Village Illumination Program in a phased manner. In the first phase, 17 micro and mini-hydropower projects with an installed capacity of 1,255 KW are under development from the 2021-22 financial year.

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