SARAJEVO (Bosnia and Herzegovina), March 30 (SeeNews) – Bosnian power utility Elektroprivreda BiH [SAJ:JPESR] said on Wednesday it hired UK-based Trade Greener and Ireland’s ESBI Carbon Solutions to advise registration of Clean Development Mechanism projects.
The Clean Development Mechanism (CDM) allows emission-reduction projects in developing countries to earn certified emission reduction (CER) credits, each equivalent to one tonne of carbon dioxide (CO2). These CERs can be traded and sold, and used by industrialized countries to a meet a part of their emission reduction targets under the Kyoto Protocol.
Elektroprivreda BiH said in a statement that with the signing of this contract, the first of its kind in Bosnia, it should earn an additional revenue of 20 million euro ($28 million) in the coming 10 years.
In the first phase of the signed contract the consultants and Elektroprivreda BiH will jointly prove the feasibility of projects for CMD registration and adopt a strategy for the registration of each project, the statement said.
The projects to be considered include the revitalisation of a 215-megawatt unit at the Tuzla thermal plant and of a 110 MW unit at the Kakanj plant, as well as a project for co-combustion of coal and wooden biomass at the Kakanj plant.
($=0.7096 euro)