CDM tag for two more Lanco hydel projects

Hyderabad: Two more hydel projects of the Hyderabad-based Lanco group in Himachal Pradesh have been registered as Clean Development Mechanism (CDM) projects by the United Nations Framework Convention on Climate Change (UNFCCC) under the Kyoto Protocol.

The two 5-MW projects at Upper Khauli and Drinidhar on the Beas River are currently under construction and expected to be commissioned by 2008; they are expected to generate approximately 35,000 Certified Emission Reductions (CER) per annum.

With this, the total capacity of Lanco group's hydro projects registered with UNFCCC has risen to 20 MW.

The Chairman of Lanco Infratech Ltd, Mr L. Madhusudhan Rao, said in statement, 'Lanco is one of the first Indian corporates to get its projects registered as CDM projects with UNFCCC. We are closely looking at the developments in the international carbon market where we see a potential for further value addition to the company.'