Enking International stepped forward for trading of the credits and did the extensive marketing which helped the company to begin the sales credit.
Godawari Power & Ispat Ltd. (GPIL) a public Ltd. Co., formally Ispat Godawari Ltd (IGL), was incorporated in 1999 to set up an integrated steel plant with captive power generation, which is an integrated steel manufacturer and is having a dominant presence in the long product segment of the Steel industry, mainly into mild steel wire.
Godawari Power and Ispat Limited (GPIL) has installed a 20 MW biomass based power project at Siltara, Raipur. The purpose of the project activity is to generate electricity using renewable biomass residues i.e. rice husk to reduce GHG (CO2) emissions. As biomass is a CO2 neutral fuel, the power produced by the GPIL from renewable biomass will have zero GHG emissions. Also, it is replacing fossil fuel intensive based power generation from NEWNE grid, thereby results in reducing emissions from such fossil fuels. In the project activity, biomass shall be combusted in the boiler for producing high-pressure steam to generate 20 MW electricity. The total annual generation of electricity from project activity will be 126.72 GWh. The rice husk will be collected from a radius of 50 KM from the project site.
The primary technology for the project activity is direct combustion of rice husk, and power generation using the Rankine cycle technology. Power generation through this method involves combustion of rice husk directly in the boiler, with the generation of steam, which is fed to a steam turbine that drives the generator. The baseline scenario identified is the import of electricity from the grid and leaving biomass residues to naturally decay or burning in an uncontrolled manner. The project is labeled as Gold Standard Credits.
The Project was unable to identify the GS buyers. Enking International stepped forward for the trading of the credits and did the extensive marketing and helped the company to begin the sales credit.