Trung Nam Power Joint-stock Company has signed an emission trading deal with Germany's Deutsche Bank to sell the emissions from its Dong Nai Hydropower Plant No 2 for the first 10 years of its operation.
It is expected to fetch the company 1.5 million EUROS (2.1 million USD) annually. ERM (Environment Resources Management), a global provider of environmental consulting services based in the UK, was asked to validate the project last week to register it as a CDM (clean development mechanism) project. ERM met representatives of Lam Dong province and people living around the plant to collect opinions about it.
After the validation, documents will be submitted to the United Nations Framework Convention on Climate Change to complete the registration process, Trung Nam Power, a subsidiary of Trung Nam Group said.
Dong Nai Hydro-power Project No 2 is one of the first CDM projects in Vietnam involving the German bank.
Being built at a cost of 2.5 trillion VND (120 million USD), the 74MW plant in Tan Thuong commune, Di Linh district, is scheduled to begin generation and link up with the national power grid in the last quarter of next year./.
It is expected to fetch the company 1.5 million EUROS (2.1 million USD) annually. ERM (Environment Resources Management), a global provider of environmental consulting services based in the UK, was asked to validate the project last week to register it as a CDM (clean development mechanism) project. ERM met representatives of Lam Dong province and people living around the plant to collect opinions about it.
After the validation, documents will be submitted to the United Nations Framework Convention on Climate Change to complete the registration process, Trung Nam Power, a subsidiary of Trung Nam Group said.
Dong Nai Hydro-power Project No 2 is one of the first CDM projects in Vietnam involving the German bank.
Being built at a cost of 2.5 trillion VND (120 million USD), the 74MW plant in Tan Thuong commune, Di Linh district, is scheduled to begin generation and link up with the national power grid in the last quarter of next year./.
