EKI Energy Services Limited Launches 1000 MW Wind Power Project under first of its kind POA umbrella in the World with UNFCCC under the Clean Development Mechanism
EKI Energy Services Limited launches strategic 1000 MW Wind Power Project in Indian states as first CDM Project Activity (CPA) under POA umbrella titled “International Programme of Activities to reduce Global Warming by EnKing International (EKI Energy Services Ltd, India)” with UNFCCC under the Clean Development Mechanism as per Kyoto Protocol. Given an extension to CDM at the COP 18 at Durban, for the second commitment period for 2013 – 2017/20, the proposed POA aims at procuring CARBON CREDITS from renewable energy & energy efficiency technologies projects to be commissioned in developing nations of the world.
“EnKing International (EKI Energy Services Ltd) as CME (Coordinating or Managing Entity) is going to launch world’s first of its kind Multi Country & Multi-methodology Programme of Activities. The capacity of it is going to be 1000MW of renewable energy projects as first strategic project to the umbrella. This is a Multi Phase, multi Entity Project with a minimum potential of fetching Euro 20 Million revenue annually from the sale of Carbon Credits after the successful registration with UNFCCC under the CDM (Kyoto Protocol)” Says Mr. Manish Dabkara; Managing Director, EKI Energy Services Limited.
Adds Mr. Anand Kumar Pandey, President – Business Development, EKI Energy Services Limited
“The Proposed POA being a multi country project, which is first of its kind in Asia, Africa & South America” shall be incorporating renewable energy projects based in countries like India, China, Brazil, South Africa, South Korea, Mexico, Sri Lanka, Pakistan under its boundary during the Phase 1 of its operation. While Phase 2 will bring expansion to the addition of other methodologies approved by UNFCCC CDM EB & addition of more countries to the boundary of the POA.
As per today scenario any project of this kind take approx. 01 year to complete but this POA umbrella will reduce the Validation & Verification cost & time by more than 40%.
POA shall be developed while ensuring energy security and sustainable economic growth in developing nations of the World. Annual target of the POA is abatement of at least 2 million tones of CO2 e. The POA is a voluntary action being coordinated and managed by the CME. The contribution of the POA to sustainable development is assessed by using the sustainable development criteria of the Host Country’s Designated National Authority. To meet the Funding requirements of the Project, Company is soon announcing its IPO with a Listing at BSE, being the first Public Limited multi interest consulting organization in India.”
The generated electricity would be exported to the regional/national/isolated/mini electricity grid in host country for either –
• Third Party Sale
• Captive Consumption
• Sale to Electricity Board
• Trading of Electricity through Power Exchange, or
• other business models.
EKI Energy Services Limited is India’s First Public Limited company which is working in the field of Energy & Environment Management Consultation Services, with brand name of EnKing International. EKIESL is one of the leading firms in India having more than 400 national & international clientele, working for last 4 years successfully with its 5 nationwide offices and headquartered at Indore (MP).
With a vision of “Making Planet Earth a Green Global Society.” EKIESL is delivering services in the arena of Energy, Carbon & Environment, and providing services into the categories as –
1. R & D,
3. Consulting and
4. Auditing services