EKI Energy Services' selected as Carbon Consultant of Bio-Conversion Methane Reduction Project for Varanasi Smart City

EKI Energy Services Ltd (EKI), a global leader in climate solutions, proudly announces its selection as the Carbon Consultant for the Varanasi Smart City Bio-Conversion Project, a landmark initiative targeting methane reduction and sustainable development in India.

Located in Shahanshahpur, Varanasi district, the project utilises cutting-edge anaerobic digestion technology to transform approximately 70 tonnes per day of animal manure and organic feedstock into clean energy and organic fertilisers. By converting waste into compressed biogas (CBG), the initiative has already achieved significant environmental impact, avoiding 2,806 tonnes of CO₂ equivalent emissions during its first monitoring period.

"EKI is proud to contribute to this transformative, first of its kind initiative in any smart city in India, that not only reduces greenhouse gas emissions but also provides sustainable livelihoods for local communities," said Mr. Manish Dabkara, Chairman and Managing Director, EKI Energy Services, "This project aligns with our commitment to advancing innovative climate solutions that drive both environmental and socio-economic impact," he added.

The Chief Executive Officer of Varanasi Smart City Project, Mr. Akshat Verma, who is also the municipal commissioner of the city, lauded the efforts.

Highlights of the project:

- Emission Reduction: Expected to reduce 33,187 tonnes of CO₂ equivalent emissions over its seven-year crediting period.

- Clean Energy Production: Generates 2,500-2,800 kg/day of compressed biogas, with its by-products, fermented organic manure (FOM) and liquid organic manure (LFOM), supporting sustainable farming practices.

- Community Impact: Created more than 25 direct and indirect employment opportunities, boosting local economic development.

- Alignment with National Goals: The project contributes to India's Sustainable Development Goals, including waste recycling, clean energy, and reduced reliance on fossil fuels in transport.

This project is part of the Government of India's Sustainable Alternative Towards Affordable Transportation (SATAT) initiative, showcasing a successful collaboration between Adani Group, Gobardhan Varanasi Foundation SPV, local authorities; where EKI Energy Services providing supports in realization of benifits from Carbon Market.

With a lifespan of 25 years, the Varanasi Smart City Bio-Conversion Project serves as a model for innovative waste-to-energy solutions, emphasising the critical need to integrate sustainability into urban planning and development.

Shares of EKI Energy Services Ltd was last trading in BSE at Rs. 90.95 as compared to the previous close of Rs. 92.30. The total number of shares traded during the day was 16067 in over 332 trades.

The stock hit an intraday high of Rs. 92.30 and intraday low of 90.50. The net turnover during the day was Rs. 1465367.00.

Source : Equity Bulls

Keywords

EKIEnergyServices INE0CPR01018 CarbonConsultant BioConversion MethaneReduction VaranasiSmartCity