Rei Agro Updates on Wind Power Projects

Rei Agro Ltd has announced about the following:

1. The Company has been able to register its 7.5 MW wind power project at Rajasthan with the United Nations Framework Convention for Climate Change (UNFCCC) under the Clean Development Mechanism (CDM).

2. The Company's wind power projects are at different stages of the CDM project cycle for registration. Once the project gets registered and verified it opens the doors of additional revenue stream for the Company. This revenue will come from the sale of CERs accruing from the CDM projects. CERs are used by companies in the industrialized countries to meet their GHG reduction targets under the Kyoto Protocol.

3. At present the Company has already installed and in operation three wind power projects of 35.9 MW in the states of Rajasthan, Maharashtra and Tamilnadu with an approximate investment of about Rs 200 Crores.

Source : Equity Bulls

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