EKIESL Takes A Giant Step Towards Clean Development Mechanism Market

EKIESL Takes A Giant Step Towards Clean Development Mechanism Market PR Newswire MUMBAI, July 19, 2012 MUMBAI, July 19, 2012 /PRNewswire/ -- EKI Energy Services Limited Launches 1000 MW Wind Power Project Under First of a Kind POA Umbrella in the World With UNFCCC Under Clean Development Mechanism EKI Energy Services Limited launches strategic 1000 MW Wind Power Project across 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, I n d i a)" 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 the first of its kind multi-country and multi- methodology programme of activities in the world. As first strategic project, the capacity will be a series of 1000 MW of renewable energy projects under 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)," said Mr.