The project will fetch an estimated Certified Emission Reduction (CER) of 4043 per year for a period of 10 years. With this a total annual CER of about INR0.124 million is achieved.
It is also pertinent to mention that ONGC has already submitted one more CDM project to the UNFCCC with the request for registration.
Commenting on this achievement, R S Sharma, CMD, ONGC said, “It is a matter of great pride to specially mention that ONGC under the MoPNG is the only central PSU to have five registered CDM projects against its name.”
“This success has once again reiterated ONGC’s commitment towards climate change mitigation and sustainable development through developing real, measurable and verifiable mitigation projects,” Sharma added.
