News Brief | January 2016
Tata Powers JV hydro project in Zambia gets UNFCCC approval
Tata Power, India's largest integrated power company, today announced that its Joint-Venture of 120 MW Itezhi Tezhi Hydro Power Project in Zambia has received Clean Development Mechanism (CDM) approval from United Nations Framework Convention on Climate Change (UNFCCC).
Itezhi Tezhi Power Corporation Ltd (ITPC) is a joint venture with Zambian parastatal utility ZESCO Limited (ZESCO), is a special purpose vehicle which has been set to build and operate a 120 MW hydro power plant in Itezhi Tezhi district on Kafue River in Zambia. ITPC is the first project in Zambia to get the CDM approval from UNFCCC.
The proposed project activity involves installation of Greenfield 120 MW Hydro Power plant in the Central Province of Zambia and will be connected to Southern African Power Pool (SAPP) grid system. The total emission reductions from the project are estimated to be 5,892,480 t CO2e over a 10 year crediting period averaging 589,248 t of CO2e annually.
Speaking on the development, Anil Sardana,CEO & MD, Tata Power said, "this CDM approval from UNFCCC stands as a testament to our commitment towards clean and green energy. The company has endeavored to lead the reform process for sustainable power and is committed to safeguarding the environment for future generations."