Southern States - Karnataka-Bangalore   

KERC fiat on carbon credits

By Our Staff Correspondent

BANGALORE Sept. 20. Non-conventional energy (NCE) and wind power projects have to share "carbon credit benefits", if any, with the Karnataka Power Transmission Corporation Ltd. (KPTCL), according to an order the Karnataka Electricity Regulatory Commission (KERC) passed on September 17 approving their power purchase agreements (PPAs) with KPTCL.

"Carbon credit" sharing or trading follows the Kyoto Protocol that developed nations (except the U.S.) signed in a bid to cut their greenhouse gas emissions during 2008-12. To do this, they trade in greenhouse gas emissions and develop clean development mechanisms (CDM).

Though the KERC has approved the PPAs, most of the projects already supply power to KPTCL at rates set by the Union Ministry of Non-Conventional Energy Sources.

The KPTCL was ordered to place the PPAs before KERC and, when it did so, it put in a clause seeking a share in the carbon credit trade. It still has to submit four more non-conventional project PPAs before KERC.

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