In February, 745,989 CERs (approx US$11.3m) were issued to projects in India which came from 7 projects, 6 new projects were registered and 99 new projects were submitted for prior consideration.
The newer submitters clearly seems to be of the view that the European ETS market is the one that will take up the slack post 2012.
Analysis
The four stages at which data has been captured form the continuum in the CDM process. The first two stages are leading indicators, and the last two provide information on credits that have been issued (or likely to be issued).
Leading Indicator 1: Submitted for Prior Consideration
A total of 215 projects were submitted for prior consideration of the CDM in February. Of these 99 were from India (or 46% of the global total).
Trend of CDM projects submitted from India for prior consideration:
46% of the projects in February from India:
Leading Indicator 2: Those Requesting Registration are Smaller Projects
Most of the projects requesting registration from India continue to be smaller energy projects. A representative sample from the last month are listed in the table below.
| Reference |
Project |
| 3115 |
17.6 MW captive grid connected electricity generation from wind energy project by Chennai Petroleum Corporation Limited. |
| 3020 |
GHG Emission Reductions through grid connected high efficiency power generation |
| 3083 |
20 MW biomass based power project in Maharashtra, India |
| 2965 |
5 MW Debal Grid-connected Hydroelectric Project in Uttaranchal, India |
| 3035 |
14.1 MW grid connected wind energy project in Tamilnadu by ITC Limited |
| 2937 |
2 X 3.5 MW Ullunkal Hydro Power Project in Kerala, India. |
Projects Registered
6 CDM projects were registered in India last month with a potential of generating 334K CERs annually. This compares to a total of 25 globally which have a potential of generating 3.1 million CERs annually. This continues to follow from the leading indicators where the projects from India tending to be smaller in size.
Count of projects registered withthe UNFCCC:
CERs expected from the projects registered in February:
Projects registered from India in February 2010
| Reference |
Title |
Registered |
Reductions |
| 3022 |
Rakchad Small Hydro Electric Project |
19-Feb-10 |
22,605 |
| 2998 |
8MW biomass based power plant at Phagwara |
17-Feb-10 |
29,393 |
| 2925 |
Wind based renewable energy project in Gujarat |
13-Feb-10 |
107,173 |
| 2698 |
10 MW bundled LuniIII & LuniII hydroelectric projects for a grid system at Sri Sai Krishna Hydro Energies Private Limited in Kangra District, Himachal Pradesh. |
12-Feb-10 |
32,658 |
| 2944 |
Gorai Landfill closure and Gas Capture Project, Mumbai, India |
7-Feb-10 |
124,028 |
| 2952 |
Biomass based steam generation project by Sterling Agro Industries Ltd. |
6-Feb-10 |
18,289 |
CER Issuance
A total of 745,989 CERs (approx value of 8.2m Euros or US$ 11.3m based on the spot prices) were issued over the last month in India. 556K of this came from a single project: Bundled Wind power project in Tamilnadu, India co-ordinated by the TamilNadu Spinning Mills Association (TASMA).
| Issuance |
Project |
CERs Issued |
Other Parties |
| 24-Feb-10 |
Ecofren Power 8 MW Renewable Sources Biomass Power Project |
38,200 |
Switzerland |
| 23-Feb-10 |
Bundled Wind power project in Tamilnadu, India co-ordinated by the TamilNadu Spinning Mills Association (TASMA) |
556,217 |
Switzerland Sweden |
| 19-Feb-10 |
6 MW Renewable energy generation project by Varam Power Projects in India |
36,005 |
United Kingdom of Great Britain and Northern Ireland |
| 18-Feb-10 |
Fuel switchover from higher carbon intensive fuels to Natural Gas (NG) at Indian Farmers Fertiliser Cooperative Ltd (IFFCO) in Phulpur Village, Allahabad, Uttar Pradesh by M/s Indian Farmers Fertiliser Cooperative Ltd (IFFCO) |
37,989 |
Spain |
| 18-Feb-10 |
ISA Power 8 MW (Gross) Renewable Sources Biomass Power Project |
35,918 |
Switzerland |
| 18-Feb-10 |
Non-recovery type coke oven exhaust gas heat recovery power project at Mundra |
39,980 |
|
| 16-Feb-10 |
Project for GHG emission reduction by thermal oxidation of HFC 23 in Gujarat, India. |
1,680 |
Switzerland United Kingdom of Great Britain and Northern Ireland |
Only the effort of the
Only the effort of the government is not enough to reduce excessive use of energy. There should be remarkable contribution by the people. Each and every single person is responsible for using maximum amount of energy. We can help to reduce cost of electricity by using advance sorts of appliances like Crawl Space Dehumidifier, which is proven to be effective in minimizing the load of electricity. If we use such kinds of appliances definitely, there will be noticeable change in every aspect.
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