Press Room

BMC gets Centre nod to shut down rai dump site
Saturday,Oct 18, 2008

The BMC has appointed IL&FS as consultants for the Rs 50-crore project for which 40 wells have been dug up at the site to capture, treat and release the methane gas emitted from the site. In a first-of-its-kind plan, the civic body hopes not only to earn about 1.63 million carbon credits (CER), but also generate about 3MW to 4MW of electricity every day from the methane gas emitted from there. "The carbon credits will not only contribute to checking global warming, but will also earn us a handsome revenue of Rs 65.5 crore — at a minimum rate of US $10 for every CER assured by the World Bank,' said additional municipal commissioner R A Rajeev. The Gorai closure is projected to be over by the end of this year and expected to earn CERs from May, 2009

Read the complete article in The Times of India at the following link
http://articles.timesofindia.indiatimes.com/2008-10-18/mumbai/27891476_1_gorai-carbon-credits-methane-gas