UN’s climate change body certifies L&T’s wind energy project
L&T Infrastructure Development Projects’ (L&T IDPL) wind energy project has got clean development mechanism (CDM) status from United Nations Framework Convention on Climate Change (UNFCCC), Bonn, Germany.
It has registered L&T IDPL for receiving Certified Emission Reduction (CER) certificates every year up to 2022.
The National Action Plan on Climate Change (NAPCC) has set a target that by 2020, 15% of the total power capacity should come from renewable energy sources. According to a company statement, renewable energy forms 10% of the energy consumed by L&T.
L&T IDPL operates in sectors ranging from roads and bridges, ports, metro rail to wind energy, transmission lines, water and railways through public private partnership. Its parent company L&T is a $13.5 billion technology, engineering, construction, manufacturing and financial services conglomerate.