The former CDM project activity involves the installation of a 10 MW biomass (rice husk) based cogeneration power plant to generate electricity by utilising the renewable biomass potential available in the region, thereby reducing GHG emissions. The project activity achieves GHG emission reductions by supplying the net electricity generated to the grid, replacing coal fired power generation.
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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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