The proposed project activity with title under UCR “5 MW Small Scale Hydro Power project by M/s Regent Energy Limited.”, is a grid connected Hydro Electric Power project located in Kinnaur district in the state of Himachal Pradesh (India). Hence, project activity is displacing the estimated annual net electricity generation i.e., 17,520 MWh from the Indian grid system. The estimated annual average and the total CO2e emission reductions by the project activity is expected to be 15,768 tCO2e.
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UCR enables the flow of environmental finance directly, to those who can least afford it- the small rural green project owner. UCR enables true carbon and water price discovery based on the utility of the underlying asset and assists in creation of non-fungible carbon and water offset tokens that can be seamlessly integrated into any smart contract or blockchain ecosystem seeking to negate its carbon or water footprint or showcase ESG credentials
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