SJVN issues LOA to EKI Energy Services Ltd

SJVN has issued a Letter of Award to EKI Energy Services Limited for Registration, Issuance and Purchase / Trading of IRECs for 1,500 MW NJHPS.

The I-REC, an International Renewable Energy Certificate, represents transferable proof that one MWh (1,000 units) of electricity was produced from renewable energy sources and added to an electrical grid. Purchasing an I-REC allows the buyer to claim consumption of one MWh of renewable energy. I-RECs can originate from wind, solar, ocean energy, biomass, hydropower, landfill gas, aerothermal, geothermal, and landfill gas projects. This will have significant impact on Environment as it will lead to reduction in Carbon Emissions.

Further, EKI Energy Services Ltd. vide their email dated 16.10.2023, has intimated that registration process of 1,500 MW NJHPS has been successfully completed and NJHPS has been successfully registered in IREC registry mechanism for the period from 01.01.2023 to 31.12.2027.

Source : Equity Bulls

Keywords

SJVN LOA EKIEnergyServices