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Time of India
18-07-2025
- Business
- Time of India
Arunachal's hydro power corp earns carbon credit nod for Zemithang project
The Hydro Power Development Corporation of Arunachal Pradesh Limited (HPDCAPL) has achieved a major breakthrough in India's green energy sector with the successful verification and issuance of carbon credits for its 3 MW small hydro power project at Zemithang in Tawang district, officials said on Thursday. The Universal Carbon Registry (UCR), in coordination with project partner Creduce Technologies Pvt Lt., confirmed the carbon credit validation for the financial year 2022-23, an official statement informed here on Thursday. The development marks HPDCAPL as a pioneer from the Northeast in the voluntary carbon credit market, it said. As of mid-2023, the project has earned 16,326 tonnes of carbon credits, with a target to reach 97,783 tonnes by 2028. The project, featuring two 1.5 MW pelton turbine generators, is the only commissioned venture under HPDCAPL and is crucial to the corporation's financial and operational sustainability. HPDCAPL's carbon credit journey began with a memorandum of understanding (MoU) signed on December 13, 2021, with Ahmedabad-based Creduce Technologies, one of India's largest renewable energy and carbon credit advisory firms. This agreement marked the state's formal entry into carbon monetisation, making HPDCAPL the first entity in Arunachal to tap into the carbon economy, it added. The initiative directly supports India's national commitment to achieving net zero emissions by 2070, it said. Arunachal Pradesh Chief Minister Pema Khandu had earlier lauded the corporation's efforts in a social media post. "Contributing to the vision of Hon'ble PM Shri Narendra Modi Ji of achieving zero carbon emission by 2070, Hydro Power Development Corporation of Arunachal Pradesh Ltd successfully capitalised its project, Sumbachu SHP & gained 6500+ Carbon Credits. Congratulations team for this feat". Further strengthening its role in climate action, HPDCAPL had organised a sensitisation programme on carbon neutrality on March 25. Under the leadership of CMD Toko Onuj, HPDCAPL is now emerging as a leader in carbon credit trading and green energy innovation in the region.
Time of India
18-07-2025
- Business
- Time of India
Arunachal's hydro firm earns carbon credits for power project
ITANAGAR: The Hydro Power Development Corporation of Arunachal Pradesh Limited ( HPDCAPL ) has achieved a major breakthrough in India's green energy sector with the successful verification and issuance of carbon credits for its 3 MW small hydro power project at Zemithang in Tawang district, officials said on Thursday. The Universal Carbon Registry (UCR), in coordination with project partner Creduce Technologies Pvt Lt., confirmed the carbon credit validation for the financial year 2022–23, an official statement informed here on Thursday. Explore courses from Top Institutes in Select a Course Category healthcare Management Operations Management Leadership MCA Degree Design Thinking Data Science Data Science others CXO Others Healthcare Public Policy Cybersecurity Product Management Technology Project Management Finance Artificial Intelligence Digital Marketing MBA Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details The development marks HPDCAPL as a pioneer from the Northeast in the voluntary carbon credit market, it said. As of mid-2023, the project has earned 16,326 tonnes of carbon credits, with a target to reach 97,783 tonnes by 2028. The project, featuring two 1.5 MW pelton turbine generators, is the only commissioned venture under HPDCAPL and is crucial to the corporation's financial and operational sustainability. Live Events HPDCAPL's carbon credit journey began with a memorandum of understanding (MoU) signed on December 13, 2021, with Ahmedabad-based Creduce Technologies, one of India's largest renewable energy and carbon credit advisory firms. This agreement marked the state's formal entry into carbon monetisation, making HPDCAPL the first entity in Arunachal to tap into the carbon economy, it added. The initiative directly supports India's national commitment to achieving net zero emissions by 2070, it said. Arunachal Pradesh Chief Minister Pema Khandu had earlier lauded the corporation's efforts in a social media post. "Contributing to the vision of Hon'ble PM Shri Narendra Modi Ji of achieving zero carbon emission by 2070, Hydro Power Development Corporation of Arunachal Pradesh Ltd successfully capitalised its project, Sumbachu SHP & gained 6500+ Carbon Credits. Congratulations team for this feat". Further strengthening its role in climate action, HPDCAPL had organised a sensitisation programme on carbon neutrality on March 25. Under the leadership of CMD Toko Onuj, HPDCAPL is now emerging as a leader in carbon credit trading and green energy innovation in the region.
Time of India
04-06-2025
- Business
- Time of India
Mumbai Metro lines 2A and 7 achieve carbon neutrality with certified carbon offset units
Mumbai: The Mumbai Metropolitan Region Development Authority (MMRDA) earned 85,849 Carbon Offset Units (CoUs) for Metro Lines 2A (Dahisar East–DN Nagar) and 7 (Dahisar East–Gundavali), officially certifying them as carbon-neutral corridors. This achievement makes them the first metro lines in Mumbai to achieve carbon neutrality, based on PAS 2060:2014 standards, a global benchmark. The certificates were formally handed over to Maharashtra chief minister Devendra Fadnavis and deputy chief minister Ajit Pawar, in the presence of senior officials, including chief secretary Sujata Saunik, MMRDA commissioner Sanjay Mukherjee, and MMMOCL MD Rubal Agarwal. The carbon credits, certified by the Universal Carbon Registry, account for greenhouse gas emission reductions between Jan 2023 and Dec 2024, thanks to the modal shift from personal vehicles to metro services. The initiative helped avoid 85,849 tonnes of CO₂ equivalent (TCO₂eq) emissions. While commenting on the achievement, Hon'ble Chief Minister Shri Devendra Fadnavis said, "Carbon neutrality is no longer a global aspiration—it is a local responsibility. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo Maharashtra is proud to lead the nation with certified climate-conscious mobility solutions through MMRDA's metro systems." Deputy Chief Minister and MMRDA Chairman Eknath Shinde said, "Mumbai's future is green, modern, and inclusive. The certification of Metro Lines 2A and 7 as carbon-neutral shows that our infrastructure is not only world-class in quality but also deeply committed to environmental sustainability." MMRDA Commissioner Sanjay Mukherjee said, "This is a proud moment for Mumbai. Metro Lines 2A and 7 have not only eased traffic congestion but have also proven to be sustainable transport solutions. Achieving carbon neutrality reflects MMRDA's commitment to climate action." MD of Maha Mumbai Metro Operation Corporation Ltd (MMMOCL) Rubal Agarwal said, "By avoiding over 85,000 tonnes of carbon emissions in just two years, we have shown that public transport can lead the climate agenda."
