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142,000 Nepali households to get hydro electricity under CDM |
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15:04, July 02, 2007 |
<font face='黑体'>More than 142,000 households in Nepal will get access to electricity with the implementation of the Nepal Micro Hydro Project for which an emission reductions purchase agreement (ERPA) was signed Saturday, local newspaper TheRising Nepal reported Sunday.
The agreement to this effect was signed by executive director of the Alternative Energy Promotion Center (AEPC) Govinda Raj Pokharel and Ken Ohashi, the World Bank Country Director for Nepalon Saturday.
According to a press release of the World Bank, this is the second greenhouse gas emission reduction project in Nepal, executed by AEPC, under the Clean Development Mechanism (CDM) of the Kyoto Protocol.
This carbon offset project complements the ongoing World Bank Power Development Project to provide increased access to electricity for people living in the rural areas. It is expected that 15,000 kw will have been installed by the year 2011. The generating capacity of these plants will vary from five to 500 kw and most of the plants would be managed by the local communities.
As per the agreement, the project developer AEPC in Nepal will sell a total of 191,000 tons of carbon dioxide equivalent in emission reductions until 2012 to the Community Development CarbonFund, managed by the World Bank.
There is also the possibility to increase the volume of certified emission reductions by at least an additional 100,000 tons.
It is stated that installation of micro-hydro plants will take place in a phased manner until 2011.
These micro-hydro plants are being implemented through two AEPC-executed programmers, the Rural Energy Development Program supported by the World Bank and United Nations Development Program(UNDP), and the Energy Sector Assistance Program.
The micro-hydro power plants will reduce greenhouse gas emissions by replacing diesel fuel used for lighting and milling. The project provides a subsidy which covers approximately 35 percent to 55 percent of the total investment for a plant.
Speaking on the occasion, Minister for Environment, Science andTechnology Mahantha Thakur said that the micro-hydro power plants would help in the sustainable development of the rural areas.
He expressed happiness that the installation of the micro-hydropower plants, besides contributing to environment protection, would also reduce the greenhouse gas emission thereby bringing in foreign exchange to Nepal in terms of the carbon sale under the Clean Development Mechanism.
Source: Xinhua</font>
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