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New Delhi, India April 9, 2025 – EKI Energy Services Ltd (EKI), a global leader in climate solutions, proudly announces its selection as the Carbon Consultant for the Varanasi Smart City Bio-Conversion Project, a landmark initiative targeting methane reduction and sustainable development in India.
EKI Energy Services’ Announces Its selection as Carbon Consultant of Bio-Conversion Methane Reduction Project for Varanasi Smart City
Key Highlights:
New Delhi, India April 9, 2025 – EKI Energy Services Ltd (EKI), a global leader in climate solutions, proudly announces its selection as the Carbon Consultant for the Varanasi Smart City Bio-Conversion Project, a landmark initiative targeting methane reduction and sustainable development in India.
Located in Shahanshahpur, Varanasi district, the project utilises cutting-edge anaerobic digestion technology to transform approximately 70 tonnes per day of animal manure and organic feedstock into clean energy and organic fertilisers. By converting waste into compressed biogas (CBG), the initiative has already achieved significant environmental impact, avoiding 2,806 tonnes of CO₂ equivalent emissions during its first monitoring period.
“EKI is proud to contribute to this transformative, first of its kind initiative in any smart city in India, that not only reduces greenhouse gas emissions but also provides sustainable livelihoods for local communities,” said Mr. Manish Dabkara, Chairman and Managing Director, EKI Energy Services, “This project aligns with our commitment to advancing innovative climate solutions that drive both environmental and socio-economic impact,” he added.
The Chief Executive Officer of Varanasi Smart City Project, Mr. Akshat Verma, who is also the municipal commissioner of the city, lauded the efforts.
Highlights of the project:
This project is part of the Government of India’s Sustainable Alternative Towards Affordable Transportation (SATAT) initiative, showcasing a successful collaboration between Adani Group, Gobardhan Varanasi Foundation SPV, local authorities; where EKI Energy Services providing supports in realization of benifits from Carbon Market.
With a lifespan of 25 years, the Varanasi Smart City Bio-Conversion Project serves as a model for innovative waste-to-energy solutions, emphasising the critical need to integrate sustainability into urban planning and development.
About EKI Energy Services Ltd
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details or to contact us, please reach out to – media@enkingint.org
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. These statements are based on the current beliefs, expectations, and assumptions of EKI Energy Services Ltd. (the “Company”) management, and they involve inherent risks and uncertainties.
Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and similar expressions are intended to identify forward-looking statements. These statements are subject to a number of risks and uncertainties.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Investors are cautioned not to place undue reliance on these statements.
India, -7 April, 2025: EKI Energy Services Ltd. (EKI), a leading global developer and supplier of carbon credits in international carbon markets, has announced a strategic investment in Chennai-based Tvasta Manufacturing Solutions Pvt. Ltd. Tvasta is a pioneering company specializing in research, design, and manufacturing through additive manufacturing (3D printing) technology, with applications across multiple industries.
EKI Energy Services Invests in Tvasta Manufacturing Solutions to Strengthen Sustainable Innovation
India, -7 April, 2025: EKI Energy Services Ltd. (EKI), a leading global developer and supplier of carbon credits in international carbon markets, has announced a strategic investment in Chennai-based Tvasta Manufacturing Solutions Pvt. Ltd. Tvasta is a pioneering company specializing in research, design, and manufacturing through additive manufacturing (3D printing) technology, with applications across multiple industries.
The investment and partnership, aimed exclusively at generating a favourable return on EKI’s surplus funds, will see EKI closely working with Tvasta and working with 3D Printing technology, with the with the partnership being finalized by April 30, 2025.
Speaking about the investment, Mr. Manish Dabkara, Chairman & MD of EKI Energy Services Ltd. (EKI), said, “At EKI, we are always looking for opportunities to support innovative solutions that align with our commitment to sustainability and technological advancements. Tvasta’s expertise in 3D printing has the potential to revolutionize industries by making processes more efficient and reducing material wastage. This partnership is a strategic step towards diversifying our portfolio while ensuring sustainable returns on our surplus funds.”
Jay Prakash, CFO Tvasta: Tvasta Manufacturing Solutions Pvt. Ltd., added, “Tvasta is committed to redefining manufacturing and construction through automation-driven 3D printing technologies. Our goal is to build cutting-edge platform technologies that enable faster, cost-efficient, and highly sustainable solutions for various industries. This partnership with EKI strengthens our ability to accelerate innovation, scale operations, and expand our market presence as we continue to push the boundaries of additive manufacturing.”
The collaboration between EKI and Tvasta represents a synergy of expertise – EKI’s strong presence in carbon markets and climate action, combined with Tvasta’s advancements in sustainable 3D printing technology. As industries globally shift towards eco-friendly manufacturing solutions, the role of additive manufacturing in reducing material waste and improving efficiency is becoming increasingly significant.
Through this partnership, EKI also demonstrates its commitment to supporting businesses that drive technological advancements while aligning with sustainability objectives. This move reflects a broader industry trend where climate-conscious investments are becoming a key driver of corporate strategy, ensuring both financial returns and long-term positive environmental impact.
As EKI continues to expand its investment portfolio, strategic collaborations like this strengthen its position as a forward-thinking leader in climate finance and sustainable business solutions.
About EKI Energy Services Ltd
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details or to contact us, please reach out to – media@enkingint.org
About Tvasta Manufacturing Solutions Pvt. Ltd.
Tvasta Manufacturing Solutions Pvt. Ltd. is a pioneering technology company specializing in additive manufacturing (3D printing) with applications across multiple industries, particularly construction and manufacturing. Tvasta is focused on building category-defining platform technologies that disrupt traditional manufacturing processes by automating up to 80% of workflows, leading to faster, more cost-efficient, and sustainable production solutions. By integrating automation, robotics, and material science, Tvasta develops cutting-edge 3D printing platforms that improve manufacturing efficiency, reduce material waste, and enable high-precision, scalable production. Its technology is designed to address key industry challenges, offering next-generation solutions for mass customization and sustainable infrastructure development. As a first-principles-based technology innovator, Tvasta aims to set new standards in automated, high-efficiency manufacturing, driving transformation across industrial and infrastructure sectors.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. These statements are based on the current beliefs, expectations, and assumptions of EKI Energy Services Ltd. (the “Company”) management, and they involve inherent risks and uncertainties.
Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and similar expressions are intended to identify forward-looking statements. These statements are subject to a number of risks and uncertainties.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Investors are cautioned not to place undue reliance on these statements.
EKI Energy Services Ltd. (EKI) on Monday (March 31) applauded the Government of India’s approval of the Detailed Procedure for the Offset Mechanism and eight distinct methodologies under the Carbon Credit Trading Scheme, 2024. This milestone marks a colossal leap in India’s carbon market evolution, reinforcing the country’s commitment to incentivizing voluntary climate action across sectors.
EKI Welcomes Government’s Approval of Offset Mechanism under the Indian Carbon Market
Key Highlights
New Delhi April 4, 2025
EKI Energy Services Ltd. (EKI) on Monday (March 31) applauded the Government of India’s approval of the Detailed Procedure for the Offset Mechanism and eight distinct methodologies under the Carbon Credit Trading Scheme, 2024. This milestone marks a colossal leap in India’s carbon market evolution, reinforcing the country’s commitment to incentivizing voluntary climate action across sectors.
The newly approved Offset Mechanism enables businesses, industries, and organisations, including those outside the compliance framework, to actively participate in emission reduction projects. By offering carbon credits for verified greenhouse gas (GHG) reductions, the initiative will unlock climate finance opportunities and catalyse decarbonisation efforts at an unprecedented scale.
The eight approved methodologies span critical areas such as renewable energy (including Hydro and Pumped Storage), green hydrogen production, industrial energy efficiency, landfill methane recovery, and mangrove afforestation & reforestation. These methodologies will provide a robust framework for project developers, ensuring transparency, credibility, and scalability in voluntary carbon markets.
Commenting on this development, Mr. Manish Dabkara, Chairman and Managing Director, EKI Energy Services, said, “The approval of the Offset Mechanism marks a turning point for India’s carbon market. By expanding the scope of climate mitigation efforts beyond compliance-driven sectors, this initiative will mobilise greater private-sector participation, accelerate emissions reductions, and create a thriving carbon ecosystem. EKI remains committed to supporting businesses in leveraging this opportunity to contribute to India’s net-zero journey.”
As a leading carbon market developer, EKI is poised to facilitate project development under the approved methodologies, offering its expertise in carbon asset management, credit generation, and trading solutions. With the formalisation of this framework, India is set to strengthen its position in global carbon markets while fostering sustainable development.
About EKI Energy Services Ltd
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details or to contact us, please reach out to – media@enkingint.org
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. These statements are based on the current beliefs, expectations, and assumptions of EKI Energy Services Ltd. (the “Company”) management, and they involve inherent risks and uncertainties.
Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and similar expressions are intended to identify forward-looking statements. These statements are subject to a number of risks and uncertainties.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Investors are cautioned not to place undue reliance on these statements.
Indore, [January __, 2025]: EKI Energy Services Ltd. (EKI), a leading climate advisory and carbon offsetting firm, has received approval from the Science-Based Targets initiative (SBTi) for its ambitious emission reduction targets aimed at aligning with the 1.5°C climate scenario. This validation from SBTi accentuates EKI’s commitment to science-based action and positions it as a regional leader in setting standards for corporate sustainability and climate responsibility.
EKI Secures Science-Based Targets Initiative (SBTi) Backing for Ambitious 2030 Emission Targets
Indore, [January __, 2025]: EKI Energy Services Ltd. (EKI), a leading climate advisory and carbon offsetting firm, has received approval from the Science-Based Targets initiative (SBTi) for its ambitious emission reduction targets aimed at aligning with the 1.5°C climate scenario. This validation from SBTi accentuates EKI’s commitment to science-based action and positions it as a regional leader in setting standards for corporate sustainability and climate responsibility.
Under SBTi’s standards EKI has committed to a 42% reduction in its Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 2030, using 2023 as its base year in the near term and will also set ambitious net zero target in future in line with global 1.5 degrees target. ,
Additionally, EKI pledges to measure and reduce its Scope 3 emissions, which account for indirect emissions occurring across its value chain. This commitment asserts EKI’s dedication to its clients and stakeholders while reaffirming its role in fostering a global shift toward sustainability in line with the Paris Agreement.
“Our alignment with SBTi’s rigorous standards signifies a defining moment in our journey towards a low-carbon future,” said Mr. Manish Dabkara, Chairman and Managing Director, EKI Energy Services. “This commitment allows us to actively lead by example; we are walking the talk, helping both our organization and our clients drive positive environmental impact and build resilience against climate change.”
EKI’s approved target is aligned with the ambitious SBTi’s criteria for climate action, providing a dependable framework to guide its progress toward the 2030 goal. The company’s target aligns with the 1.5°C ambition, supporting global efforts to limit global temperature rise and mitigate the effects of climate change.
About EKI Energy Services Ltd
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details or to contact us, please reach out to – media@enkingint.org
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. These statements are based on the current beliefs, expectations, and assumptions of EKI Energy Services Ltd. (the “Company”) management, and they involve inherent risks and uncertainties.
Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and similar expressions are intended to identify forward-looking statements. These statements are subject to a number of risks and uncertainties.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Investors are cautioned not to place undue reliance on these statements.
New Delhi, [16 December 2024]: EKI Energy Services Ltd., a global leader in carbon consulting and climate action solutions, is proud to announce its enrollment in the Partnership for Carbon Accounting Financials (PCAF) accreditation program. EKI is only the second entity in India to embark on this journey, strengthening the country’s commitment to aligning financial practices with global climate goals.
EKI Energy Joins Hands with Partnership for Accounting Financials Accreditation to Advance Sustainable Finance in India
New Delhi, [16 December 2024]: EKI Energy Services Ltd., a global leader in carbon consulting and climate action solutions, is proud to announce its enrollment in the Partnership for Carbon Accounting Financials (PCAF) accreditation program. EKI is only the second entity in India to embark on this journey, strengthening the country’s commitment to aligning financial practices with global climate goals.
Sustainable finance is evolving rapidly in India from its nascent stage, fueled by initiatives like the Reserve Bank of India’s Framework for Green Finance and the nation’s pledge to achieve net zero by 2070. Through the PCAF accreditation, EKI aims to empower financial institutions to adopt the PCAF Standard, enabling them to measure and report greenhouse gas (GHG) emissions associated with their loans and investments.
Driving Climate Action in Finance
As an accredited PCAF partner, EKI will leverage its extensive expertise in carbon footprint assessment, carbon credit trading, and sustainability strategy to guide financial institutions in integrating science-based targets into their operations. By adopting these standards, institutions can align with the Paris Agreement’s goals and play a pivotal role in accelerating the transition to a low-carbon economy.
Commenting on the collaboration, Mr. Manish Dabkara, Chairman and Managing Director of EKI Energy Services Ltd., said, “We are dedicated to empowering organizations to align with global climate objectives and implement impactful climate actions. Joining the PCAF accreditation journey is a significant milestone in our mission to support India and South Asia’s financial institutions in measuring, reporting, and managing their portfolio emissions. Together, we aim to drive the region’s transition to a sustainable, low-carbon future.”
Mr. Bart van Lunteren, Accredited Partner Lead at PCAF, further added, “We are delighted to welcome EKI as it embarks on its PCAF accreditation journey. This collaboration highlights our shared commitment to equipping financial institutions with the necessary tools and resources for accurate GHG accounting. As India’s sustainable finance spectrum grows, we look forward to seeing EKI contribute to the region’s green economy transformation.”
The PCAF accreditation program involves rigorous training through the PCAF Academy, equipping consultancies with the knowledge and expertise required to support financial institutions in adopting the Global GHG Accounting and Reporting Standard for the Financial Industry.
About EKI Energy Services Ltd
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details or to contact us, please reach out to – media@enkingint.org
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. These statements are based on the current beliefs, expectations, and assumptions of EKI Energy Services Ltd. (the “Company”) management, and they involve inherent risks and uncertainties.
Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and similar expressions are intended to identify forward-looking statements. These statements are subject to a number of risks and uncertainties.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Investors are cautioned not to place undue reliance on these statements.
[New Delhi, India – 25 November, 2024]: EKI Energy Services Ltd. (EKI), a global leader in carbon market solutions, celebrates the historic achievement at COP29, where countries finalized agreements on carbon market mechanisms under the Paris Agreement’s Article 6; particularly Article 6.2 and 6.4. This long-anticipated milestone in Baku that eluded the previous COPs, sets a strong foundation for achieving global climate goals and paves the way for a more transparent and credible carbon market.
EKI Energy Services Ltd. Welcomes COP29’s Landmark Agreement on Carbon Markets: A Step Forward in Global Climate Action
● COP29 finalized agreements on Article 6 carbon markets, establishing operational frameworks for country-to-country trading and centralized crediting mechanisms after nearly a decade of negotiations.
● Agreements enable efficient climate plan implementation, accelerating global progress toward halving emissions by 2030, while aligning mechanisms with the latest climate science for enhanced effectiveness.
● EKI emphasized the need for robust standards and transparency, reaffirming its commitment to advancing credible, inclusive carbon markets and supporting global climate goals through expertise and innovation.
[New Delhi, India – 25 November, 2024]: EKI Energy Services Ltd. (EKI), a global leader in carbon market solutions, celebrates the historic achievement at COP29, where countries finalized agreements on carbon market mechanisms under the Paris Agreement’s Article 6; particularly Article 6.2 and 6.4. This long-anticipated milestone in Baku that eluded the previous COPs, sets a strong foundation for achieving global climate goals and paves the way for a more transparent and credible carbon market.
After nearly a decade of negotiations, COP29 delivered the structural confirmation and rule-setting needed to operationalize Article 6.2 (country-to-country trading) and Article 6.4 (a centralized carbon crediting mechanism). These frameworks provide clarity on key aspects, including the authorization and tracking of carbon credits, ensuring environmental integrity through technical reviews, and aligning with the latest climate science.
A Foundation for Faster Progress
The agreements mark a significant leap forward in empowering countries to implement their climate plans more efficiently and cost-effectively. They represent a collective commitment to accelerating progress in halving global emissions by 2030, as mandated by science. Developing and least-developed countries stand to benefit immensely from new financial flows and capacity-building support, strengthening their ability to contribute meaningfully to global climate action.
A Milestone, but Challenges Remain
While this achievement is cause for celebration, the journey is not over. The real test lies in developing robust standards and modalities to ensure credibility and transparency in the market—elements that the global community eagerly awaits. The Supervisory Body tasked with operationalizing the Article 6.4 mechanism now faces a critical to-do list extending into 2025, highlighting the need for sustained commitment and collaboration among Parties.
Strengthening Transparency
COP29 also marked significant progress in transparency, a cornerstone of effective climate action. The Enhanced Transparency Framework (ETF) tools and Biennial Transparency Reports (BTRs) set a new benchmark for climate reporting. With 13 Parties leading by example in submitting their first BTRs, the framework is set to bolster accountability, identify financing opportunities, and strengthen policies over time.
Chairman and Managing Director, EKI Energy Services, Mr. Manish Dabkara said, “EKI lauds the recognition of carbon markets as one of the most important weapons in the fight against climate change. We also appreciate the focus on transparency and its role in driving global climate action, including initiatives like #Together4Transparency, which fosters collaboration between Parties and non-Party stakeholders.”
The pivotal role of REDD+ (Reducing Emissions from Deforestation and Forest Degradation) was further emphasized with a £3 million pledge by the UK to bolster UN Climate Change’s efforts. These investments will enhance transparency, technical dialogue, and the implementation of REDD+, supporting the 2030 objective to halt and reverse deforestation.
It is also to be welcomed, said EKI, that the UN Climate Conference tripled annual climate finance for developing countries to $300 billion by 2035. This aims to help poorer nations fight climate change and transition to clean energy. However, EKI aligns with developing countries and believe this is insufficient and doesn’t meet the $1.3 trillion goal they requested. Additionally, there are concerns about the agreement process, and doubts linger regarding whether developed nations will actually deliver the promised funds.
EKI reaffirmed its commitment to supporting global climate action. While the agreements reached on Article 6 at COP29 provide a solid starting point, the journey toward a fully operational, transparent, and credible carbon market is far from over. EKI said it stood ready to contribute its expertise in carbon management, climate finance, and capacity building to help realize the ambitious vision set forth in Baku.
As the world transitions from negotiation to implementation, EKI urged stakeholders to maintain momentum, embrace innovation, and prioritize inclusivity in climate solutions.
New Delhi, India [November 11 , 2024] – In a landmark event for the dairy industry of India, dairy farmers from Rajasthan and Assam received first-ever payments from carbon credits accrued due to carbon credits generated with the support of EKI Energy Services Ltd (EKI) under the manure management program of the National Dairy Development Board (NDDB) and Sustain Plus Energy Foundation (SPEF) in Anand, Gujarat.
EKI Powers India’s 1st Carbon Credit Payments to Dairy Farmers via National Dairy Development Board’s (NDDB), Presented by Hon’ble Union Minister of Home and Cooperation Shri Amit Shah
Key Highlights:
● Dairy farmers from Rajasthan and Assam received India’s first-ever carbon credit payments for household level biogas plants, under NDDB and Sustain Plus Energy Foundation’s (SPEF) manure management program.
● Diamond Jubilee celebrations of NDDB were attended by key dignitaries, including Union Ministers, Shri Amit Shah and Shri Rajiv Ranjan Singh.
● EKI provided comprehensive support for project registration, verification, and trading of these carbon credits, facilitating the successful financial outcome for dairy farmers
New Delhi, India [November 11 , 2024] – In a landmark event for the dairy industry of India, dairy farmers from Rajasthan and Assam received first-ever payments from carbon credits accrued due to carbon credits generated with the support of EKI Energy Services Ltd (EKI) under the manure management program of the National Dairy Development Board (NDDB) and Sustain Plus Energy Foundation (SPEF) in Anand, Gujarat.
The momentous occasion was that of NDDB’s Diamond Jubilee celebrations graced by esteemed guests, including Shri Amit Shah, Honourable Union Minister of Home Affairs and Cooperation, who also did the distribution of the carbon credit money to the farmers. Shri Rajiv Ranjan Singh, Honourable Union Minister of Fisheries, Animal Husbandry & Dairying and Panchayati Raj; Prof. SP Singh Baghel, Hon’ble Union Minister of State for Fisheries, Animal Husbandry & Dairying and Panchayati Raj; Shri George Kurian, Hon’ble Union Minister of State for Fisheries, Animal Husbandry & Dairying and Minority Affairs were also present along with Shri Raghavjibhai Patel, Hon’ble Minister of Agriculture, Animal Husbandry, Cow-Breeding and Fisheries, Government of Gujarat and Shri Jagdish Vishwakarma, Hon’ble Minister of State for Cooperation, Government of Gujarat, Ms. Alka Upadhyaya, Secretary, Department of Animal Husbandry & Dairying, GoI and Dr Meenesh Shah, Chairman, NDDB at the occasion. This marked a revolutionary advancement in sustainable agriculture and farmer-centric initiatives held at the NDDB’s Diamond Jubilee celebrations.
EKI played a crucial role in this achievement by providing end-to-end support for the registration, verification, and trading of carbon credits within the NDDB’s biomethanation program. Through our collaboration with NDDB and SPEF’s Manure Management Programme, more than 1,000 dairy farmers from 9 locations across 7 states are now reaping the financial rewards of their sustainable practices, receiving payments that bolster their income and livelihoods, while also catalysing India’s net zero transition. EKI is also committed to collaborate with NDDB for future projects that NDDB is planning to execute.
Mr. Manish Dabkara, Chairman and Managing Director, EKI Energy Services Ltd, said, “The distribution of the payments accrued from carbon credits by Home Minister Shah, emphasizes the importance of such initiatives for India in enhancing farmers’ economic stability. We are proud that EKI is among the foundation stones of this ecosystem in the country.”
Dr. Meenesh Shah, Chairman and Managing Director, NDDB said “NDDB’s unique biogas-based manure management model inspired by Hon’ble Prime Minister’s vision of Waste to Wealth ensures multiple benefits to dairy farmers in terms of clean cooking fuel, additional income from sale of slurry and use of slurry based organic fertilisers manufactured by their own cooperative institutions. While ensuring environmental benefits, it is now resulting in additional income to farmers through carbon credits too.”
He further said “NDDB remains committed to enhanced livelihood security of dairy farmers and earnings from carbon credits owing to adoption of sustainable dairy farming practices by farmers reinforces our commitment. With appropriate incentivisation of dairy farmers, Indian Dairy Sector can lead in adoption of sustainable and environmental practices in the country”
The payments to dairy farmers for carbon credits not only provide additional income but also reinforce the significance of environmentally friendly practices in agriculture. EKI said it is proud to lead the charge in carbon credit monetization in the dairy sector, paving the way for a greener, more sustainable future for India’s farmers.
Biomethanation: Biomethanation is a process that converts organic waste, like manure, agricultural residues, or food waste, into biogas through anaerobic digestion (decomposition without oxygen). This biogas consists mainly of methane (CH₄) and carbon dioxide (CO₂) and can be used as a renewable energy source for electricity, heating, or as vehicle fuel. The process also yields digestate, a nutrient-rich byproduct used as fertilizer. Biomethanation is valuable for waste management, reducing landfill use, and lowering greenhouse gas emissions. By turning waste into energy, it also reduces dependence on fossil fuels and supports sustainable energy goals.
New Delhi, India – November 08, 2024: EKI Energy Services Limited (EKI) has registered Azerbaijan’s inaugural voluntary carbon market project using renewable solar energy, marking a significant development in the region’s shift toward sustainable energy sources. Ahead of COP29, this project establishes a pioneering effort in the Caucasus and Central Asia, aimed at reducing greenhouse gas emissions.
EKI Energy Registers Azerbaijan’s 1st Voluntary Carbon Market Solar Energy Project Ahead of COP29
Key Highlights:
New Delhi, India – November 08, 2024: EKI Energy Services Limited (EKI) has registered Azerbaijan’s inaugural voluntary carbon market project using renewable solar energy, marking a significant development in the region’s shift toward sustainable energy sources. Ahead of COP29, this project establishes a pioneering effort in the Caucasus and Central Asia, aimed at reducing greenhouse gas emissions.
The solar project, located across Baku and Absheron districts, has an installed capacity of 230 MW (AC). By exporting clean energy to Azerbaijan’s national grid without the use of fossil fuels, this initiative promises to reduce approximately 274,074 tons of carbon emissions annually. Registered under the Gold Standard for the Global Goals framework, the project also supports Sustainable Development Goals related to clean energy, economic growth, and climate action.
The project is seen as a key step in Azerbaijan’s journey toward green energy adoption and carbon footprint reduction, aligning with regional and global climate commitments. Apart from being the first ever registered renewable energy project of Azerbaijan under Voluntary Carbon Markets, it is also the first-ever large scale solar project overall in the country.
The large-scale solar initiative, known as “Project Area 60,” represents a pioneering renewable energy project in the region, marking Azerbaijan’s debut in the voluntary carbon market.
In alignment with the United Nations Sustainable Development Goals (SDGs), this project will support SDG 7 (Affordable and Clean Energy), SDG 8 (Decent Work and Economic Growth), and SDG 13 (Climate Action).
Project Highlights:
● Location: Baku and Absheron districts, Azerbaijan
● Capacity: 230 MW (AC)
● Annual Estimated Emission Reductions: 274,074 credits
● Certification Standard: Gold Standard for the Global Goals
● Credit Period: January 1, 2024 – January 1, 2029
Mr. Manish Dabkara, Chairman and Managing Director, EKI Energy Services said, “The registration of Project Area 60 paves the way for further climate action and international cooperation, adding momentum to global climate objectives as COP29 begins. By establishing a renewable energy model that directly contributes to reducing greenhouse gas emissions, this initiative underscores the practical steps nations can take to align with the Paris Agreement’s goals.”
said, “EKI has always been working towards taking sustainable development to places where it’s needed the most. This project once again proves to be the pioneer in green energy transition.”
As COP29 commences on November 11, this project approval adds momentum to global climate objectives, reinforcing the importance of cross-border collaboration and innovative financing to support countries in their low-carbon transitions.
New Delhi, Nov 6, 2024: EKI Energy Services Ltd. (EKIESL), a global leader in carbon credit development and trading and sustainability services, has entered into a strategic representative agreement with the United States based FBO Resource Group, Inc., operating as Aviation Resource Group International (ARGI), to expand its operations in the North American country. This partnership aims to strengthen EKI’s carbon credits trading and sustainability services across North America, further solidifying its presence in the global carbon market.
EKI Energy Services Ltd. Signs Strategic Partnership Agreement with U.S.-Based Aviation Resource Group International to Boost Carbon Trading
New Delhi, Nov 6, 2024: EKI Energy Services Ltd. (EKIESL), a global leader in carbon credit development and trading and sustainability services, has entered into a strategic representative agreement with the United States based FBO Resource Group, Inc., operating as Aviation Resource Group International (ARGI), to expand its operations in the North American country. This partnership aims to strengthen EKI’s carbon credits trading and sustainability services across North America, further solidifying its presence in the global carbon market.
Under the agreement, ARGI will act as an authorized partner to facilitate transactions between project owners, organizations, and EKI for carbon credit trading. The partnership will allow ARGI to promote EKI’s full suite of sustainability services, including greenhouse gas (GHG) accounting, carbon offsetting, and environmental, social, and governance (ESG) reporting, within the U.S. Market with a special focus on aviation industry
Mr. Manish Dabkara, Chairman and Managing Director, EKI Energy Services Ltd said, “This agreement represents a strategic shift in our global operations, as we partner to push the boundaries of our sustainability services & carbon credit trading in new markets. It goes beyond transactions to altering the outlook of sustainability. By uniting our expertise with partners who share our vision, especially with aviation, we are accelerating the future of clean energy transition and creating long-lasting impacts where they matter most.”
Mr. Naveen Sharma, Whole-Time Director, EKI Energy Services Ltd., commented, “Our collaboration with ARGI marks a significant step forward in strengthening our global footprint and advancing decarbonization solutions in the United States. With ARGI’s expertise in the aviation sector and beyond, we are well-positioned to cater to the growing demand for sustainable solutions in North America.”
The current agreement will be in place for an initial term of two years, with provisions for exclusivity to ensure focused collaboration between both parties. ARGI will introduce EKI to potential counterparties in the U.S. market, facilitating contracts for carbon credits and sustainability services.
“ARGI’s aviation expertise combined with our sustainability services and carbon offset solutions creates a powerful partnership,” said Bhuwan Shukla, Senior General Manager-Business Development- North America & LATAM at EKI Energy Services Ltd. “We’re actively working to help the aviation industry reach its 2050 net-zero target, providing support to infrastructure operators in their sustainability efforts.”
Mr. Michael Dennis, Managing Partner at ARGI, expressed his enthusiasm, stating, “”We are thrilled to partner with EKI, a proven leader in the global carbon markets. This agreement represents a unique opportunity for us to contribute to the global effort of combating climate change while providing cutting-edge solutions to our clients in the U.S. For over five decades, ARGI has been the industry’s compass for aviation success. Now, we are leading the charge towards a sustainable future.”
This agreement reaffirms EKI’s commitment to expanding its sustainability initiatives globally and actively supporting organizations in reducing their carbon footprints, fostering a more sustainable future.
New Delhi, October 29, 2024– EKI Energy Services Ltd., a globally leading carbon credit developer and supplier, is proud to share the registration of the first-ever floating solar project under the Voluntary Carbon Market (VCM). This groundbreaking large-scale project, developed by Greenam Energy for captive usage, is also the first of its kind to be registered under the Verified Carbon Standard (VCS) globally. Located on water reservoirs in Tamil Nadu, the 24.7 MW floating solar PV plant will generate clean energy while mitigating 38,376 tonnes of CO2 emissions annually.
EKI Energy Services Registers India’s First-Ever Floating Solar Project in the Voluntary Carbon Market
New Delhi, October 29, 2024– EKI Energy Services Ltd., a globally leading carbon credit developer and supplier, is proud to share the registration of the first-ever floating solar project under the Voluntary Carbon Market (VCM). This groundbreaking large-scale project, developed by Greenam Energy for captive usage, is also the first of its kind to be registered under the Verified Carbon Standard (VCS) globally. Located on water reservoirs in Tamil Nadu, the 24.7 MW floating solar PV plant will generate clean energy while mitigating 38,376 tonnes of CO2 emissions annually.
This avant-garde of a project exemplifies India’s progress in renewable energy innovation and supports its commitment to reducing carbon emissions. The registration of this floating solar project under the VCM represents a momentous step in promoting sustainable energy solutions while offering new opportunities for the trading of carbon credits.
Mr. Manish Dabkara, Chairman and Managing Director of EKI Energy Services, stated, “Sustainable future with innovative solutions is not a possibility but a responsibility. As we stand at the forefront of innovation in sustainable energy, redefining the possibilities of solar energy, by harnessing the power of the sun on water; we’re opening a new chapter in renewable energy—one that inspires both progress and responsibility. This initiative reflects our belief in the transformative potential of technology and the urgent need for climate action, encouraging businesses and communities to rethink how we generate and consume energy.”
By harnessing solar energy in a previously untapped domain, EKI is paving the way for a more sustainable future—one that redefines our relationship with the environment and inspires action across industries.
Verra: Verra is a non-profit organization dedicated to creating and managing standards for sustainable development, climate action, and ethical business practices. As the global leader in setting standards for these initiatives, Verra aims to promote more ambitious climate and sustainability objectives while facilitating a faster transition to a sustainable future.
New Delhi, September 10, 2024 – EKI Energy Services Limited (EKI) has been awarded a Grade 3 rating by the Sustainable Management and Research Institute (SMERA) as an Energy Service Company (ESCO), reaffirming the quality of its projects and initiatives to fight climate change.
EKI Energy Services Limited Achieves SMERA BEE Grade 3 ESCO Rating
Key Highlights
New Delhi, September 10, 2024 – EKI Energy Services Limited (EKI) has been awarded a Grade 3 rating by the Sustainable Management and Research Institute (SMERA) as an Energy Service Company (ESCO), reaffirming the quality of its projects and initiatives to fight climate change.
The SMERA BEE Grade 3 rating signifies EKI’s strong capabilities in conducting energy audits and implementing energy-saving projects. An Energy Service Company (ESCO) means a company that provides energy efficiency solutions by designing, retrofitting, and implementing projects that reduce energy consumption in facilities. As an ESCO, EKI identified energy-saving opportunities through audits and managing the entire process, including financing, execution, and performance monitoring with its projects including community based energy efficiency initiatives.
In India, the Bureau of Energy Efficiency (BEE) oversees the empanelment of ESCOs. To become an ESCO, companies are graded by SEBI-accredited agencies like CRISIL, CARE, SMERA or ICRA, based on their technical manpower, financial strength, and market position.
Mr. Manish Dabkara, Chairman and Managing Director, EKI Energy Services Ltd, said, “Currently, only 5% of India’s estimated INR 150,000 Crore energy efficiency potential has been tapped, indicating significant growth opportunities for ESCOs like EKI to help reduce energy consumption and carbon emissions. Through facilitation programs, BEE connects ESCOs with end-users, financial institutions, and technology providers to accelerate the adoption of energy-efficient projects.”
Mr. Ramkrishna Patil, President, Operations, Climate Change, EKI Energy Services Ltd, said, “ESCOs play a vital role in the energy efficiency sector by investing in and implementing energy-saving projects. EKI’s achievement of the SMERA BEE Grade 3 rating positions the company as a credible and reliable partner for businesses and organizations seeking to reduce their energy consumption and costs.”
To obtain this certification, EKI underwent a rigorous audit process conducted by SMERA Ratings Private Limited, one of the four grading agencies appointed by the Bureau of Energy Efficiency (BEE). The audit assessed EKI’s expertise, experience, and track record in energy efficiency projects, including community based energy efficiency projects, including our clean cooking initiative.
EKI’s patented Oorja ICS is designed for community development and offers significant energy savings. The project’s success has demonstrated EKI’s ability to deliver innovative and impactful energy efficiency solutions. GHG Oorja is a fuel-efficient, affordable cook stove that reduces harmful emissions by over 80% and supports fuels like wood, coal, and biomass pellets. Designed to transform rural India’s cooking practices, it cuts smoke by 90%, improves indoor air quality, and reduces carbon monoxide emissions. The stove saves up to 1000 kg of firewood annually, contributing to lower carbon dioxide emissions.
The SMERA BEE Grade 3 rating also opens up new business opportunities for EKI. It makes the company eligible to participate in government tenders and contracts, as well as certain high-value private sector projects, which demand ESCO certification to ensure quality projects. This recognition also enhances EKI’s credibility and attracts potential investors and partners.
EKI’s achievement of the SMERA BEE Grade 3 rating is a positive development for its stakeholders as well. It signifies the company’s commitment to quality and continuous improvement. This recognition also strengthens EKI’s position as a leading player in the energy efficiency sector and paves the way for further growth and success.
About EKI Energy Services Ltd.:
EKI Energy Services Ltd. is a leading Carbon Mitigation Project Developer & Offests Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details or to contact us, please reach out to – mediarelations@enkingint.org
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. These statements are based on the current beliefs, expectations, and assumptions of EKI Energy Services Ltd. (the “Company”) management, and they involve inherent risks and uncertainties.
Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and similar expressions are intended to identify forward-looking statements. These statements are subject to a number of risks and uncertainties.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Investors are cautioned not to place undue reliance on these statements.
New Delhi, 5 September 2024: EKI Energy Services Ltd. (EKI), a leader in the sustainability and carbon offset industry, is proud to announce the launch of a new educational vertical—EKI Academy. This initiative aims to empower individuals and organizations with comprehensive training in various environmental services, thereby making an army of climate warriors. The courses will include education on GHG footprint accounting, carbon offset project development, and ESG and sustainability practices.
EKI Energy Services Launches EKI Academy: Pioneering Education in Environmental Services
Key Highlights:
Indore, India – __ September, 2024: EKI Energy Services Ltd. (EKI), a leader in the sustainability and carbon offset industry, is proud to announce the launch of a new educational vertical—EKI Academy. This initiative aims to empower individuals and organizations with comprehensive training in various environmental services, thereby making an army of climate warriors. The courses will include education on GHG footprint accounting, carbon offset project development, and ESG and sustainability practices.
Empowering Through Education
The EKI Academy is set to become a cornerstone in the environmental sector by providing a robust curriculum designed to meet the growing demand for knowledge and expertise in sustainability and carbon management. The Academy’s offerings include:
Pioneering New Frontiers
The EKI Academy also intends to focus on advanced and emerging areas such as Nature-Based Solutions (NBS), Extended Producer Responsibilities (EPR) & Plastic Credits Projects, and the operationalization of Article 6 of the Paris Agreement. These specialized programs reflect EKI’s commitment to staying at the forefront of environmental services and driving innovation in the sector.
Mr. Manish Dabkara, Chairman and Managing Director, EKI Energy Services Ltd. Said, “We have been planning to launch the EKI Academy for a long time and now that it has formally materialised, it is a very inspiring time for all of us. This academy is a natural extension of our mission to lead the global transition towards a low-carbon and sustainable future.”
Ms. Sonali Sheikh, Whole-Time Director, EKI Energy Services said, “The Academy will serve as a hub for learning and innovation, equipping the next generation of future leaders who are environmentally as well as socially more responsible with the skills and knowledge needed to tackle the pressing environmental challenges of our time, while becoming corporate giants.”
EKI Academy invites professionals, organizations, and stakeholders across all sectors to join this pioneering initiative. Whether you’re looking to enhance your sustainability credentials, comply with international standards, or contribute to global climate goals, EKI Academy provides the tools and training to help you succeed.
For more information about EKI Academy and its training programs, please visit enkingint.org or email us at training@enkingint.org.
About EKI Energy Services Ltd.:
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details or to contact us, please reach out to – mediarelations@enkingint.org
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. These statements are based on the current beliefs, expectations, and assumptions of EKI Energy Services Ltd. (the “Company”) management, and they involve inherent risks and uncertainties.
Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and similar expressions are intended to identify forward-looking statements. These statements are subject to a number of risks and uncertainties.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Investors are cautioned not to place undue reliance on these statements.
India, 6th August 2024: EKI Energy Services Ltd., a global leader in carbon credit development and climate solutions, is thrilled to announce that it has been felicitated with the Bronze Award in the CSR Clean Energy Project category at the 8th edition of the CSR Health Impact Awards, in New Delhi on 2nd August, 2024. Mr. Rajiv Goyal, the Chief Executive Officer of EKI Power Trading Pvt. Ltd. – a subsidiary of EKI Energy Services Ltd., represented the organization and received the award from ex- Minister of State for Health, Mr. Ashwini Kumar Choubey
EKI Energy Services Ltd. Awarded for its Clean Cooking Initiative at 8th CSR Health Impact Awards 2024
India, 6th August 2024: EKI Energy Services Ltd., a global leader in carbon credit development and climate solutions, is thrilled to announce that it has been felicitated with the Bronze Award in the CSR Clean Energy Project category at the 8th edition of the CSR Health Impact Awards, in New Delhi on 2nd August, 2024. Mr. Rajiv Goyal, the Chief Executive Officer of EKI Power Trading Pvt. Ltd. – a subsidiary of EKI Energy Services Ltd., represented the organization and received the award from ex- Minister of State for Health, Mr. Ashwini Kumar Choubey.
This prestigious accolade recognizes EKI’s groundbreaking work in addressing environmental and health challenges through its innovative “Improved Cookstove – A Clean Cooking Initiative.” With over 2.3 billion people around the world relying on open fires and rudimentary mud-stoves for cooking, the initiative by EKI addresses a critical global issue.
Mr. Manish Dabkara, Chairman & Managing Director, EKI Energy Services Ltd. said, “The traditional cooking methods not only contribute to severe respiratory illnesses but also intensify climate change, due to greenhouse gas emissions, owing to sheer scale of it. Our initiative is dedicated to replacing these inefficient and harmful stoves with advanced, improved cookstoves that offer a cleaner, more efficient alternative. It is a part of our mission to have 100% smoke-free kitchens with easily adaptable clean cooking solutions.”
Mr. Samrat Sengupta, Vice President – Business Development, EKI Energy Services Ltd. said, “By reducing smoke emissions by 60-70% and improving cooking efficiency threefold, the ICS not only enhances health outcomes but also supports environmental conservation. It also means that this CSR initiative is also financially self-sustained with carbon credits generation. Now that clean cooking is also a part of India’s tradable list of activities under Articles 6.2 and 6.4 of Paris Agreement, it presents a bright future for clean kitchens.”
Since the inception of its clean cooking initiative in August 2019, EKI has made remarkable strides in enhancing the lives of underprivileged and underserved communities. The project has distributed more than 2 million improved cookstoves across India and several African nations, impacting approximately 10 million individuals. However, it is still miles to go before we sleep. The initiative has achieved several key milestones:
Reduction in Emissions: The innovative patented design and unique technology reduces CO2 emissions to 4.01 milligrams/MJd compared to traditional stoves’ 15-20 milligrams/MJd and lowers PM 2.5 emissions by nearly 41 milligrams/MJd.
Efficiency Gains: The improved cookstoves exhibit 46.18% thermal efficiency, compared to just 10-12% for traditional mud stoves.
Recognition: The project is the first improved biomass cookstove initiative in Asia to be registered and verified under VERRA’s high-quality, Sustainable Development Verified Impact Standard (SD VISta).
Some of the United Nations’ sustainable development goals (SDGs) aligning with clean cooking initiative, which EKI envisions and works upon are – No Poverty, Good Health and Well-Being, Gender Equality, and Affordable and Clean Energy. As recent as in the same year, EKI has also been awarded with other prestigious awards for its clean cooking initiative, including Environmental Finance Award, Green Apple Awards for Environmental Best Practice, SME Champion Award, and Global CSR and ESG Award.
Moreover, the company crossed one more milestone in the clean cooking initiative, as it shook hands with the Indian Oil Corporation Limited., for leveraging the production and distribution of ‘Surya Nutan’, a sustainable indoor solar cooking solution. EKI, in association with state-owned IOCL has launched a pilot programme to distribute 1000 Surya Nutan solar cookstove in multiple communities. Till date, EKI has distributed around 250 cookstove in the households of Dhar, Madhya Pradesh.
The success of the clean cooking initiative underscores EKI’s commitment to environmental stewardship and community upliftment. The company plans to scale its efforts further, with ongoing projects in Nigeria, the Philippines, Tanzania, and expansion into Southeast Asia.
About EKI Energy Services Ltd.:
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details or to contact us, please reach out to Ms. Garima Kumar at +91 9873510989 or via email at MediaRelations@enkingint.org .
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. These statements are based on the current beliefs, expectations, and assumptions of EKI Energy Services Ltd. (the “Company”) management, and they involve inherent risks and uncertainties.
Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and similar expressions are intended to identify forward-looking statements. These statements are subject to a number of risks and uncertainties.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Investors are cautioned not to place undue reliance on these statements.
Indore, July 23, 2024: EKI Energy Services Limited (EKI), a leading global developer and supplier of
carbon credits, today announced its financial results for the first quarter of financial year 2024-25.
EKI’s strategic entry into power trading has significantly boosted consolidated revenue, contributing
Rs. 136.20 crore in Q1 FY24-25. The company is investing in decarbonisation initiatives, including
cookstoves and bio-briquette production, and has launched an AI-powered ESG compliance platform, through its associate WOCE Solutions. EKI’s partnership with FARI Solutions focuses on carbon credit processes, enhancing competitiveness and promoting sustainable practices ahead of COP29 in Azerbaijan. Chairman Manish Dabkara highlights the promising results and future growth potential, emphasizing EKI’s commitment to a low-carbon, climate-resilient future.
Indore, India – [22 July, 2024] – EKI Energy Services Ltd, a leading global developer and supplier of carbon credits, enthusiastically welcomes the release of India’s detailed compliance carbon market regulations under the Carbon Credit Trading Scheme (CCTS) 2023. This significant development, following extensive stakeholder consultations, marks a major step forward in India’s journey towards achieving its ambitious climate goals.
Indore, India – [22 July, 2024] – EKI Energy Services Ltd, a leading global developer and supplier of carbon credits, enthusiastically welcomes the release of India’s detailed compliance carbon market regulations under the Carbon Credit Trading Scheme (CCTS) 2023. This significant development, following extensive stakeholder consultations, marks a major step forward in India’s journey towards achieving its ambitious climate goals.
“India is a large and growing economy, so the CCTS is likely to create significant demand for carbon credits. This could lead to a rise in carbon prices globally, which would incentivize further emission reduction efforts worldwide,” said Manish Dabkara, Chairman and Managing Director, EKI Energy Services. “By establishing a clear framework for mandatory emission reduction and credit trading, the Indian Carbon Market will unlock a wave of new mitigation opportunities across various sectors, driven by both public and private entities seeking to meet their emission reduction targets.”
EKI Energy Services applauds the key features of the updated compliance mechanism:
“The establishment of a well-defined regulatory framework with a national registry and trading platform should promote transparency and efficiency in the Indian carbon market. This would, in turn, attract new participants and investments, further boosting the market. The CCTS, particularly the compliance mechanism, is expected to drive significant emission reductions within India’s energy-intensive industries,” said Samrat Sengupta, Vice President, Business Development, EKI Energy Services.
This will contribute to India’s NDC goals and global climate change mitigation efforts. The increased focus on carbon reduction has the potential to spur innovation in clean technologies within India. These advancements would benefit not just India, but the entire world.
EKI is well-positioned to contribute to the success of the ICM. Our extensive experience in developing and managing high-quality carbon offset projects, coupled with our deep understanding of the global carbon market, allows us to support various stakeholders as they navigate this transformative initiative. EKI is committed to playing a proactive role in facilitating India’s ambitious clean energy transition and achieving its climate goals.
Carbon Credits Trading Scheme
India’s Carbon Credit Trading Scheme (CCTS) is a crucial tool in their fight against climate change. The scheme utilizes a two-pronged approach: compliance and voluntary mechanisms. Energy-intensive industries are subject to mandatory emission intensity targets. Those exceeding these targets can either invest in cleaner technologies or purchase carbon credit certificates (CCCs) from the market. For non-obligated entities, the CCTS offers a voluntary opportunity to participate by generating CCCs through projects that reduce emissions. A national registry ensures secure tracking of CCCs, which can be traded on a designated electronic platform. This incentivizes clean technologies and fosters a market for carbon offsets. The CCTS will be implemented progressively, focusing on key sectors like steel and cement, allowing for a smooth market transition and industry adaptation. Ultimately, the CCTS aims to drive significant emission reductions in India, aligning with their commitments under the Paris Agreement.
About EKI Energy Services Ltd.:
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details or to contact us, please reach out to Ms. Garima Kumar at +91 9873510989 or via email at MediaRelations@enkingint.org .
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. These statements are based on the current beliefs, expectations, and assumptions of EKI Energy Services Ltd. (the “Company”) management, and they involve inherent risks and uncertainties.
Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” and similar expressions are intended to identify forward-looking statements. These statements are subject to a number of risks and uncertainties.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Investors are cautioned not to place undue reliance on these statements.
India, 20 June, 2024: EKI Energy Services Ltd., a leading global developer and supplier of carbon credits in the International Voluntary Carbon Markets, today announced the registration and issuance of its first improved biomass cookstove project under the VERRA’s Sustainable Development Verified Impact Standard (SD VISta), the world’s premier standard for certifying sustainable development impacts. This groundbreaking project is the first of its kind to be verified and validated with SD VISta not only in India but across Asia. It aims to produce exceptional environmental and community benefits while advancing Sustainable Development Goals (SDGs).
EKI Achieves Breakthrough with First-Ever Improved Biomass Cookstove Project Registered & Verified in Asia Under VERRA’s Sustainable Development Verified Impact Standard (SD VISta), Delivering Major Environmental and Community Benefits while Advancing SDG Contributions
India, — June, 2024: EKI Energy Services Ltd., a leading global developer and supplier of carbon credits in the International Voluntary Carbon Markets, today announced the registration and issuance of its first improved biomass cookstove project under the VERRA’s Sustainable Development Verified Impact Standard (SD VISta), the world’s premier standard for certifying sustainable development impacts. This groundbreaking project is the first of its kind to be verified and validated with SD VISta not only in India but across Asia. It aims to produce exceptional environmental and community benefits while advancing Sustainable Development Goals (SDGs).
Situated in India, where over 800 million people still use conventional mud stoves, the clean cooking initiative is poised to make a significant impact. India, ranking third in overall CO2 emissions globally, will benefit greatly from the distribution of improved cookstoves, which will help mitigate climate change. The project’s activities address multiple aspects of rural living, often overlooked in discussions about scientific and societal progress.
The project aims to provide enhanced efficient cookstoves (ICS) to rural and economically disadvantaged households across six states: Chhattisgarh, Rajasthan, Maharashtra, Gujarat, Madhya Pradesh and Bihar. It seeks to achieve two primary goals: the distribution of efficient ICS among these states’ rural families, and the creation of livelihood opportunities related to its distribution and maintenance. The project will enable household-level access to cleaner and efficient energy.
Mr. Manish Dabkara, Chairman & MD of EKI Energy Services Ltd. (EKI), said, “As we embark on this transformative journey, let us remember that every clean cookstove distributed represents more than just a tool for cooking – it symbolizes hope, empowerment and a brighter future for communities across India. Together, we are not only reducing emissions and protecting our environment but also uplifting lives and paving the way for sustainable development. Our commitment to innovation and social responsibility drives us forward, as we strive to create a world where every individual has access to clean energy and opportunity.”
Mr. Ramkrishna Patil, President, Operations – Climate Change, EKI Energy Services Ltd., said, “As we pioneer Asia’s first registered and verified biomass cookstove project under VERRA’s SD VISta, we’re not only mitigating climate change but also improving health and transforming livelihoods across India. This initiative empowers local communities, particularly women, through clean cooking technology. By addressing energy poverty and promoting sustainable practices, we’re making significant strides towards achieving multiple SDGs, enhancing both environmental stewardship and social equity.”
The biomass cookstoves, address a critical need by providing affordable cooking solutions for communities that cannot afford higher-end options like LPG and electric. These biomass cookstoves not only reduce household expenses and drudgery but also promote sustainable energy practices, ensuring equitable access to clean cooking technology. The project is expected to reduce greenhouse gas emissions by an average of 5.4 tCO2e annually per cookstove and 2,700,000 tCO2e annually for the entire project over the crediting period. Further, it is projected to generate 9.45 million Verified Carbon Units (VCUs) over its lifespan.
The project’s objectives through the distribution and implementation of ICS include reducing demand for woody biomass as fuel; minimizing local deforestation; lessening the drudgery of wood fuel collection, primarily performed by women and children; reducing time spent cooking over open fires, thus decreasing exposure to toxic smoke; increasing time for improving quality of life through economic activities and knowledge dissemination; improving health status by reducing exposure to household air pollutants (HAPs).
Aligned with sustainable development objectives, the project ensures economic, social and environmental well-being, contributing significantly to SDG 1, SDG 3, SDG 4, SDG 5, SDG 7, SDG 8, SDG 11, SDG 12, SDG 13, and SDG 15.
ICS provides clean energy which is a basic service necessary to lead a healthy and productive life, including saving time and money at the household level. Further, the project generates employment opportunities, both long-term as well as short-term.
Reduced emissions of fine particulate matter (PM2.5) result in lower household air pollution, improving the well-being of women and children. Additionally, it reduces accidental burns in infants and children and decreases the consumption of poorly prepared food.
The project enhances vocational skills of individuals through training on climate change, sustainable development, health and nutrition. This improves job prospects and empowers individuals for long-term employment post-project completion with ongoing vocational training.
Improved cookstoves reduce women’s and children’s drudgery by saving time on firewood collection and cooking over smoky fires. They cook meals faster, saving approximately an hour compared to traditional stoves, allowing more time for children’s, especially, girls’ education.
As a clean cooking technology, ICS provides an essential tool to address energy poverty and ensure sustainable energy security in numerous households in India. Throughout the project lifecycle, the project aims to generate an overall positive impact on the community.
During the current monitoring period, the project has created employment opportunities in the SME manufacturing sector and hired local individuals, with a particular focus on women, for full-time and part-time positions in the distribution unit of the informal sector.
Since installing ICSs, all end users have completely stopped using open fires. The portability of ICSs allows easy installation anywhere in the home, providing security against environmental risks such as CO2, CO, and PM2.5 emissions. Their closed combustion chamber and stable base also reduce accidental burns in infants and children. Regular monitoring shows significant reductions in fire incidents and emissions compared to baseline stoves, promoting a safer and healthier cooking environment.
The project has reduced a significant amount of renewable biomass consumption during the current monitoring period. This promotes the efficient utilization of renewable biomass resources while achieving sustainable energy practices.
The project ensures the reduction of fuelwood consumption for cooking purposes which not only reduces the amount of GHG emissions being released in the atmosphere but also reduces the burden on forest ecosystems in and around the project area.
Forests, often public spaces, are frequently used for fuelwood collection, contributing significantly to deforestation and degradation. Distributing ICSs reduces fuelwood consumption, easing pressure on forests. The widespread use and efficiency of ICSs ensure better management of protected areas within communities.
With these ambitious targets, EKI’s cookstove project sets a new benchmark for sustainable development and environmental protection. In addition to its environmental and community benefits, the biomass cookstove project exemplifies CSR by fostering economic empowerment and sustainable development in the regions it serves. EKI’s subsidiary, GHG Reduction Technologies Pvt. Ltd., based in Nashik, plays a pivotal role in manufacturing improved cookstoves. GHG is pioneering the large-scale manufacturing and supply of clean cooking devices for underprivileged communities in India and Africa.
Click here to know how EKI’s Clean Cooking Initiative is impacting lives across regions.
About EKI Energy Services Ltd.
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. EKI has consistently featured on The Next 500 – Fortune India List for both 2023 and 2024. Additionally, it has been honored with three prestigious awards at the Environmental Finance Sustainable Company Awards 2023, alongside other notable accolades. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details, please reach out to Ms. Garima Kumar at +91 98 735 10989 or via email at mediarelations@enkingint.org .
About Sustainable Development Verified Impact Standard (SD VISta)
VERRA’s SD VISta is the premier standard for certifying the real-world benefits of social and environmental projects, from gender equity and economic development to affordable clean energy and restoration of wildlife. SD VISta aims to facilitate large-scale investment in sustainable development by providing developers and investors with reliable data on the social and environmental benefits of their projects. Using world-class systems, a project’s benefits are not only logged but also independently verified for their impact, meaning all stakeholders can have full trust in their credibility and value. SD VISta uses expert, third-party auditors to verify that a project advances the global Sustainable Development Goals set forth by the United Nations.
India, 10 June 2024: EKI Energy Services Ltd., a leading global developer and supplier of carbon credits in International Carbon Markets, applauds the Integrity Council for the Voluntary Carbon Market’s (ICVCM) recent approval of the first carbon-crediting methodologies that meet its stringent Core Carbon Principles (CCPs). This milestone represents a significant advancement in ensuring the integrity and effectiveness of carbon credits within the voluntary carbon market (VCM).
EKI Energy Services Ltd. Welcomes ICVCM’s Approval of High-Integrity Carbon-Crediting Methodologies
India, 10 June, 2024: EKI Energy Services Ltd., a leading global developer and supplier of carbon credits in International Carbon Markets, applauds the Integrity Council for the Voluntary Carbon Market’s (ICVCM) recent approval of the first carbon-crediting methodologies that meet its stringent Core Carbon Principles (CCPs). This milestone represents a significant advancement in ensuring the integrity and effectiveness of carbon credits within the voluntary carbon market (VCM).
In the third instalment of its ongoing assessment series, the Integrity Council has endorsed seven carbon crediting methodologies. These methodologies, now bearing the high-integrity CCP label, account for an estimated 27 million carbon credits from projects that mitigate potent greenhouse gases by capturing methane from landfill sites and eliminating ozone-depleting substances (ODS) from discarded equipment such as refrigerators and air conditioners.
The ICVCM’s announcement aligns with the Biden-Harris Administration’s new principles for high-integrity voluntary carbon markets. While Voluntary Carbon Markets (VCMs) can significantly combat climate change, they face challenges in maintaining the integrity and credibility of carbon credits. Discrepancies in crediting methodologies have raised concerns about transparency and accountability. Such significant moves by leading Governments and institutions address these issues and ensure market integrity.
Similarly, the Indian government has been proactive in addressing climate change. The Energy Conservation (Amendment) Act of June 2022 empowered regulators to develop policies for a national emission trading system. In 2023, India launched the Carbon Credit Trading Scheme (CCTS) for compliance and voluntary sectors. The June 2023 amendment included the Offset Market, allowing non-obligated entities to participate and opening new opportunities for decarbonization projects. Although specific standards for VCM credits are still being defined, India’s progress is commendable.
Mr. Manish Dabkara, Chairman & MD of EKI Energy Services Ltd. (EKI), said, “The approval of these high-integrity carbon crediting methodologies by the Integrity Council is a monumental step forward for the voluntary carbon market. At EKI, we believe that robust standards and transparent practices are essential for driving meaningful climate action. We are proud to support the Integrity Council’s efforts and look forward to contributing to a sustainable and resilient future.”
The Core Carbon Principles set a high bar for integrity and the CCP label is designed to help buyers identify carbon credits that meet our rigorous standards. Governments increasingly recognise that a high-integrity VCM can play a key role in scaling up private sector finance for high-quality projects to reduce emissions and remove carbon from the atmosphere.
Additionally, 27 categories of carbon credits, representing over 50% of the market, remain under active assessment. This includes methodologies addressing landfill gas (covering an estimated 76 million issued credits) and ODS (covering an estimated 4 million issued credits). Multi-stakeholder assessments of widely used carbon credit types, including REDD+ (Reducing Emissions from Deforestation and Forest Degradation), Jurisdictional REDD (JREDD) and clean cookstoves, are also underway and expected to conclude in the coming months.
EKI is committed to supporting initiatives that enhance the credibility and effectiveness of carbon markets. Our dedication to environmental sustainability aligns with the ICVCM’s mission to establish global benchmarks for high-integrity carbon credits. These efforts are crucial for building trust in the voluntary carbon market, ensuring the comparability of credits and maximizing the market’s potential to combat rising greenhouse gas emissions while unlocking significant private finance for climate solutions.
About EKI Energy Services Ltd.
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. EKI has consistently featured on The Next 500 – Fortune India List for both 2023 and 2024. Additionally, it has been honored with three prestigious awards at the Environmental Finance Sustainable Company Awards 2023, alongside other notable accolades. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details, please reach out to Ms. Garima Kumar at +91 98 735 10989 or via email at mediarelations@enkingint.org .
India, June 3, 2024: EKI Energy Services Ltd., a leading global developer and supplier of carbon credits in International Carbon Markets, welcomes and applauds the Biden-Harris Administration’s announcement of new principles for high-integrity voluntary carbon markets. The release of these principles, accompanied by a Joint Statement of Policy, marks a significant step towards advancing credible and ambitious climate action.
EKI Energy Services Ltd. Applauds U.S. Government’s Support for Voluntary Carbon Markets Alongside India’s Progressive Measures
India, — May, 2024: EKI Energy Services Ltd., a leading global developer and supplier of carbon credits in International Carbon Markets, welcomes and applauds the Biden-Harris Administration’s announcement of new principles for high-integrity voluntary carbon markets. The release of these principles, accompanied by a Joint Statement of Policy, marks a significant step towards advancing credible and ambitious climate action.
The principles, endorsed by top officials underscore the U.S. government’s commitment to fostering responsible participation in voluntary carbon markets. By setting clear incentives and guardrails, these principles aim to ensure that carbon markets drive meaningful climate action while promoting economic opportunity.
As a company dedicated to promoting sustainability and combating climate change, EKI recognizes the importance of high-integrity carbon markets in accelerating decarbonization efforts. EKI believes that these principles will help strengthen market integrity, restore confidence among stakeholders and unlock the full potential of voluntary carbon markets to drive climate ambition.
It’s worth noting that the Indian government also recognizes the urgent need to combat climate change and has taken proactive measures to mitigate its impacts. As early as June 2022, the Energy Conservation (Amendment) Act was enacted, providing regulators with the authority to develop regulations and policies for India’s national emission trading system. In 2023, India introduced the Carbon Credit Trading Scheme (CCTS), which encompasses both compliance and voluntary sectors. In a further progressive move, the government amended the CCTS in June 2023 to include the Offset Market and allow non-obligated entities to participate, opening new opportunities for decarbonization projects within the national carbon market. While specific sectoral scopes, standards and methodologies for accepting Voluntary Carbon Market (VCM) credits are yet to be defined, India’s progress in this sector is commendable.
Mr. Manish Dabkara, Chairman & MD of EKI Energy Services Ltd. (EKI), said, “We commend the Biden-Harris Administration for taking proactive steps to advance high-integrity voluntary carbon markets. These principles align with our commitment to transparency, accountability and environmental stewardship. By establishing robust standards and ensuring the credibility of carbon credits, we can mobilize private finance at scale for projects that reduce and remove greenhouse gas emissions.”
“EKI remains committed to supporting the responsible development of voluntary carbon markets and looks forward to collaborating with stakeholders to achieve our shared climate goals”, he added. “Together, we can address the urgent challenge of climate change and build a more sustainable future for generations to come.”
Mr. Naveen Sharma, Director – Global Carbon Sales and Origination, EKI Energy Services said, “We warmly welcome the Biden-Harris Administration’s commitment to bolstering the integrity of voluntary carbon markets. These new principles provide a solid framework for fostering transparency and accountability in carbon credit trading, which is essential for driving meaningful climate action.”
The Voluntary Carbon Markets (VCM) have the potential to drive significant progress in combating climate change, yet they face challenges in ensuring the integrity and credibility of carbon credits. Recent observations have revealed discrepancies in the reliability of crediting methodologies, leading to concerns about transparency and accountability in the market. The new Principles will effectively tackle these challenges while also ensuring the high integrity of the Voluntary Carbon Market. These principles aim to establish robust standards for carbon credit supply and demand, improve market functioning and ensure fair treatment of all participants. By prioritizing measurable emissions reductions, promoting transparency and fostering market integrity, these principles will support the responsible development of VCMs and help drive ambitious climate action.
A Morgan Stanley Research estimates the Voluntary Carbon Market to grow to about $100 billion by 2030 and around $250 billion by 2050. The release of new principles by the Biden-Harris Administration will further bolster this projected growth trajectory, providing a significant boost to investor confidence and catalyzing greater participation in carbon credit trading.
The Administration’s announced Principles for Responsible Participation address the imperative for action, aiming to enable Voluntary Carbon Markets (VCMs) to fulfill their potential. These principles emphasize:
Click here for the full video announcement of the new Principles for high-integrity Voluntary Carbon Markets. Additionally, the Voluntary Carbon Markets Joint Policy Statement and Principles, along with a Fact Sheet, are attached separately in the email.
About EKI Energy Services Ltd.
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. EKI has consistently featured on The Next 500 – Fortune India List for both 2023 and 2024. Additionally, it has been honored with three prestigious awards at the Environmental Finance Sustainable Company Awards 2023, alongside other notable accolades. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details, please reach out to Ms. Garima Kumar at +91 98 735 10989 or via email at mediarelations@enkingint.org .
[Baku, Azerbaijan – 27, May, 2024] – EKI Energy Services Ltd., a pioneering force in sustainable energy solutions and carbon credits, proudly announces a groundbreaking collaboration with FARI Solutions, an industry leader in blockchain research and development firm operating across North America, Europe, and Eurasia, including Azerbaijan. This Memorandum of Understanding (MoU) marks a significant milestone in EKI’s commitment to spearheading carbon credit initiatives and bolstering sustainable development efforts in the region.
EKI Energy Services Ltd and FARI Solutions Ally to Revolutionise Carbon Credit Ventures in Azerbaijan
Key Highlights:
[Baku, Azerbaijan – 27, May, 2024] – EKI Energy Services Ltd., a pioneering force in sustainable energy solutions and carbon credits, proudly announces a groundbreaking collaboration with FARI Solutions, an industry leader in blockchain research and development firm operating across North America, Europe, and Eurasia, including Azerbaijan. This Memorandum of Understanding (MoU) marks a significant milestone in EKI’s commitment to spearheading carbon credit initiatives and bolstering sustainable development efforts in the region.
According to the agreement, EKI will serve as the strategic associate of FARI Solutions, assuming responsibility for overseeing the entire spectrum of processes related to conceptualizing, documenting, verifying, issuing, and trading carbon credits. This strategic partnership aims to promote the competitiveness of both parties while fostering the development and expansion of business relationships in Azerbaijan.
The memorandum delineates the areas, institutional arrangements, and general conditions governing the cooperation between EKI Energy Services Ltd. and FARI Solutions. It serves as a comprehensive framework that embodies the mutual commitment towards achieving shared objectives in sustainable energy and environmental stewardship.
Speaking on this collaboration, Manish Dabkara, Chairman and Managing Director, EKI Energy Services Ltd., expressed, “We are excitedly looking forward to this journey with FARI Solutions, leveraging our collective expertise to advance sustainable energy initiatives in Azerbaijan. This partnership underscores our dedication to driving meaningful change and underscores our commitment to delivering innovative solutions that positively impact our environment globally.”
Siddhant Gupta, Vice President of Business Development, EKI Energy Services Ltd., shared, “Joining forces with FARI Solutions is a strategic move for EKI Energy Services Ltd., one that aligns with our mission to pioneer sustainable solutions globally. This partnership signifies our dedication to driving innovation and underscores our proactive approach in expanding our presence in Azerbaijan’s evolving carbon credit sector. Together, we’re poised to catalyze transformative change, setting a new standard for sustainability in the region.”
The MoU underscores the exclusivity conferred to FARI Solutions for activities covered within the region of Azerbaijan, solidifying EKI’s commitment to fostering strategic collaborations that yield tangible results.
“Our innovative approach with blockchain technology and digital assets, and our partnership with EKI’s renowned expertise in energy solutions promises groundbreaking advancements in the tokenization of the carbon credit landscape. Together, we’re poised to lead the charge in shaping a greener, more prosperous future for Azerbaijan and carbon markets, leveraging our collective strengths to drive lasting environmental impact,” said Shafiq Amiri, Chief Operating Officer, FARI Solutions.
This landmark MoU between EKI Energy Services and FARI Solutions comes at a particularly opportune moment, coinciding with the upcoming COP29 climate conference in Baku, Azerbaijan, later this year. This strategic partnership positions both companies to play a leading role in showcasing innovative solutions for carbon credit management and sustainable development efforts. As Azerbaijan takes center stage for global climate discussions, EKI and FARI’s collaboration can serve as a powerful example for other nations seeking to transition towards a greener future. By spearheading carbon credit initiatives and fostering sustainable practices within Azerbaijan, this partnership has the potential to influence and inspire real progress on a global scale, contributing significantly to the goals of COP29.
About EKI Energy Services Ltd.:
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details or to contact us, please reach out to Ms. Garima Kumar at +919873510989 or via email at garima.kumar@enkingint.org.
About FARI Solutions
FARI is a diverse team of professionals spanning North America, Europe, and Asia, each bringing unique expertise to the table. FARI engages with sovereign entities and enterprises to assist in their digital transformation initiatives. Originating as a research group specializing in blockchain investments, FARI has evolved to drive innovation across a wide spectrum of industries, including finance, supply chain, healthcare, and govtech. Visit the website to know more: https://farisolutions.com/
EKI Energy Services Ltd. Commits to Advancing Clean Cooking Access Across Africa in Alignment with International Energy Agency (IEA) Declaration
[Paris – 21 May, 2024] – EKI Energy Services Ltd., a leader in sustainable energy solutions and carbon credits development, proudly announces its endorsement and active participation in advancing the universal access to clean cooking agenda as articulated in the high-level declaration issued by the International Energy Agency (IEA) at the Summit on Clean Cooking in Africa.
EKI Energy Services Ltd. Commits to Advancing Clean Cooking Access Across Africa in Alignment with International Energy Agency (IEA) Declarationz
Key Highlights:
[Paris – __ May, 2024] – EKI Energy Services Ltd., a leader in sustainable energy solutions and carbon credits development, proudly announces its endorsement and active participation in advancing the universal access to clean cooking agenda as articulated in the high-level declaration issued by the International Energy Agency (IEA) at the Summit on Clean Cooking in Africa.
Embracing the imperative outlined by the IEA, EKI pledges its unwavering commitment to catalyzing transformative change in the African continent’s energy landscape through concrete actions and strategic partnerships.
Along with EKI’s Chairman and Managing Director, Manish Dabkara and its Amsterdam representative, Kasim Janjua, the President of the United Republic of Tanzania H.E. Samia Suluhu Hassan, the Prime Minister of Norway H.E. Jonas Gahr Støre, the President of the African Development Bank Group Dr. Akinwumi A. Adesina, and the Executive Director of the International Energy Agency (IEA) Dr. Fatih Birol, were also in attendance at the event.
With a steadfast dedication to achieve tangible impact, EKI aims to expand its footprints to the clean cooking initiative in Africa with a commitment to scaling up its distribution network to reach a target of 1 million improved cook stoves across a minimum of 6 African countries within the next 2 years, building upon its existing presence in Ghana, Kenya, Malawi, and Nigeria.
Through its collaboration with the esteemed Jospong Group of Companies in Ghana, EKI aims to distribute an additional 300,000 cook stoves within the coming year, leveraging the extensive reach and resources of one of Western Africa’s largest business conglomerates.
In addition to it, leveraging on its partnership with the Indian Oil Corporation Limited (IOCL) – ranked 94th in the Fortune 500 list, EKI endeavours to introduce the “Surya Nutan” indoor solar cooking device to at least four African countries over the next two years, harnessing cutting-edge technology to promote sustainable cooking practices.
EKI also pledges EUR 10,000 to fund activities supporting the work of the IEA’s working group, underscoring its commitment to collaborative efforts aimed at driving positive change. EKI’s initiatives are poised to generate livelihood opportunities for over 10,000 local community members, fostering economic empowerment and contributing to the attainment of Sustainable Development Goals (SDGs).
Manish Dabkara, Chairman and Managing Director, EKI Energy Services expressed his excitement, saying, “I am immensely proud to take another step to advancing the clean cooking agenda outlined by the IEA. Our strategic endorsements and concrete initiatives, including expanding distribution networks, forging partnerships, and spearheading socio-economic development, highlight our dedication to catalyzing transformative change in Africa’s clean cooking journey.”
“These efforts are projected to generate carbon revenues exceeding USD 600 million over the project’s lifetime, further bolstering its socio-economic impact and environmental sustainability. The company also commits to establishing a manufacturing facility in West Africa, bolstering local economies and promoting self-reliance in clean cooking solutions,” said Chief Operating Officer, EKI Energy Services, Pankaj Pandey.
EKI also proudly launched the “GHG OORJA” woody biomass cookstove, boasting an impressive efficiency rating of 46.18%, reaffirming its dedication to pioneering innovative solutions for a greener future.
Driven by a firm commitment to sustainability and social responsibility, EKI Energy Services Ltd. stands at the forefront of the clean cooking revolution, poised to make a meaningful difference in the lives of millions across Africa. EKI also helps companies in fulfilling their CSR obligations by involving them in the clean cooking initiatives via investments.
EKI’s Improved Cook Stove (https://ghgreductiontech.com/):
EKI through its subsidiary GHG Reduction Technologies manufactures and develops clean cooking solutions like improved cook stove in addition to other environmentally-friendly products for underprivileged communities. EKI has so far distributed more than 2 million cook stoves to various communities in different countries; approximately 300,000 of these improved cook stoves were distributed in African nations. To know more, visit: https://www.youtube.com/embed/QfaB1ntGBqg
Developed over eight years, our GHG Oorja improved cookstove reduces harmful emissions by over 80% and accommodates diverse fuels like wood, coal, and biomass pellets. With a promise of a 90% reduction in smoke and significant decreases in firewood and carbon monoxide emissions, it targets improved health outcomes and environmental benefits for rural households. User-friendly and versatile, GHG Oorja’s advanced technology ensures cleaner indoor air quality, saving up to 1000 kgs of firewood per year and contributing to carbon dioxide emission reduction.
In addition, EKI has already undertaken a pilot project for distribution of ‘Surya Nutan’ in India.
About EKI Energy Services Ltd.:
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details or to contact us, please reach out to Ms. Garima Kumar at +91 9873510989 or via email at MediaRelations@enkingint.org .
Appendix – I
The Clean Cooking Declaration: Making 2024 the Pivotal Year for Clean Cooking
The Declaration was endorsed by:
Belgium, Brazil, Canada, Czech Republic, Denmark, Egypt, Finland, France, Ghana, Greece, Hungary, Ireland, Italy, Japan, Kenya, Madagascar, Malawi, Mozambique, The Netherlands, Norway, Portugal, Senegal, Sierra Leone, Switzerland, Tanzania, Togo, Uganda, United Kingdom, United States, Zambia.
EKI Energy Services Ltd. Enhances Board Expertise with Appointment of Professor (Dr.) Amit Garg from IIM Ahmedabad as an Advisor
India, May 14, 2024: In a visionary move poised to redefine industry standards, EKI Energy Services Limited, a leading global developer and supplier of carbon credits in International Carbon Markets, today announced the appointment of industry expert Professor (Dr.) Amit Garg from IIMA (Indian Institute of Management, Ahmedabad) as an Advisor to its Board of Directors.
EKI Energy Services Ltd. Enhances Board Expertise with Appointment of Professor (Dr.) Amit Garg from IIM Ahmedabad as an Advisor
India, May 14, 2024: In a visionary move poised to redefine industry standards, EKI Energy Services Limited, a leading global developer and supplier of carbon credits in International Carbon Markets, today announced the appointment of industry expert Professor (Dr.) Amit Garg from IIMA (Indian Institute of Management, Ahmedabad) as an Advisor to its Board of Directors.
With extensive experience and an impressive track record spanning renowned private and governmental institutions, Amit brings to EKI a wealth of expertise coupled with a deep understanding of international developments, enhancing EKI’s strategic planning and strengthening its board. His appointment underscores EKI’s commitment to excellence and positions the company for continued success in the dynamic climate change/carbon markets.
Amit Garg is a leading authority in energy, climate change and sustainable development issues. He offers courses in Carbon Finance, Managing Energy Businesses, Sustainable Finance and more. His research interests include carbon and climate finance, energy businesses, and corporate accounting of greenhouse gases. As a Lead Author for five reports of the UN’s Intergovernmental Panel on Climate Change (IPCC), Amit has played a pivotal role in shaping global climate policy.
Mr. Manish Dabkara, Chairman & MD of EKI Energy Services Ltd. (EKI), said, “We are thrilled to welcome Professor (Dr.) Amit Garg as an advisor to our Board of Directors. His vast experience and deep understanding of energy and climate issues will be invaluable as we continue to innovate and drive sustainability initiatives. Amit’s appointment underscores our commitment to fostering excellence and leadership in the climate change/carbon markets sector. His insights will guide us in navigating complex challenges and seizing opportunities in an evolving climate change/carbon markets landscape, ultimately driving positive impact and value for our stakeholders. We look forward to leveraging his expertise to accelerate our journey towards a more sustainable future.”
Prior to joining EKI, Amit served as a Senior Economist at UNEP Risoe Centre, Technical University of Denmark, and has worked with esteemed organisations such as the World Bank, UNDP, UNEP and the European Union. He has received numerous accolades for his contributions to climate change research, including being felicitated by the Prime Minister of India and contributing to the Nobel Peace Prize awarded to the IPCC in 2007.
Besides his responsibility as Professor of IIMA, Amit’s appointment as advisor to EKI’s Board further strengthens EKI’s position as a leader in the climate change/carbon markets and underscores its commitment to driving sustainable development and addressing climate challenges.
Here’s the profile of Professor (Dr.) Amit Garg for detailed insights into his professional achievements, career and contributions: Amit Garg | IIMA
About EKI Energy Services Ltd.
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. EKI has consistently featured on The Next 500 – Fortune India List for both 2023 and 2024. Additionally, it has been honored with three prestigious awards at the Environmental Finance Sustainable Company Awards 2023, alongside other notable accolades. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details, please reach out to Ms. Garima Kumar at +91 98 735 10989 or via email at mediaRelations@enkingint.org .
India, March — 2024: EKI Energy Services Ltd., a pioneering carbon credit developer and supplier renowned globally, has clinched a coveted spot on The Next 500 – Fortune India List for 2024. This recognition underscores EKI’s unwavering commitment to environmental sustainability and its impactful contributions to the global green economy.
EKI Energy Services Ltd. Secures Spot on The Next 500 – Fortune India List 2024
India, March — 2024: EKI Energy Services Ltd., a pioneering carbon credit developer and supplier renowned globally, has clinched a coveted spot on The Next 500 – Fortune India List for 2024. This recognition underscores EKI’s unwavering commitment to environmental sustainability and its impactful contributions to the global green economy.
Inclusion in The Next 500 – Fortune India List serves as a testament to EKI’s dedication to excellence, innovation and social responsibility. Having also featured on the prestigious list in 2023, EKI’s consecutive appearances highlight its sustained growth, leadership and positive impact on the industry.
Mr. Manish Dabkara, MD & Chairman, EKI Energy Services Ltd., said, “We are immensely proud to be recognized on The Next 500 – Fortune India List for 2024, marking our consecutive win. This accolade reaffirms our mission to drive positive change and underscores the collective efforts of our team towards sustainability and making a positive impact on the planet. At EKI, we remain steadfast in our commitment to pioneering sustainable solutions and shaping a greener, more prosperous world for generations to come.”
“As a company deeply committed to sustainability, our journey towards a greener tomorrow is powered by the passion and dedication of our team. Securing this prestigious spot reflects not only our achievements but also our collective vision for a more environmentally conscious future”, said Mr. Pankaj Pandey, COO, EKI Energy Services Ltd.
With a team of experts deeply entrenched in carbon emissions, climate change, and sustainability, EKI stands ready to guide businesses in understanding and managing their environmental impact. Beyond mere certificates, EKI actively collaborates with businesses to identify opportunities for supporting environmental and social causes, driving tangible change in communities worldwide. Leveraging innovation, EKI Energy Services continually explores cutting-edge technologies and strategies to make the journey towards carbon neutrality more accessible and impactful.
As the new financial year unfolds, EKI positions itself to maintain its leadership in global decarbonization efforts. With an unwavering commitment to driving substantial change through market-based mechanisms and innovative climate-positive projects, the company is poised for continued success. Strategic partnerships with leading sustainability brands, policymakers and stakeholders will be paramount, enabling EKI to enhance services, leverage cutting-edge solutions and empower clients with the latest advancements in sustainability practices.
Furthermore, EKI is directing its resources towards diversifying its business into the circular economy, extending the sustainability agenda beyond carbon reduction. This strategic shift reflects a commitment to embracing a more holistic environmental approach. With sustainability ingrained in its organisational culture, EKI aims to inspire communities and organisations to minimize their carbon footprint, recognizing that sustainability is a collective endeavor. Together with its subsidiaries – GHG Reduction Technologies Pvt. Ltd., Amrut Nature Solutions Pvt. Ltd., EKI Power Trading Pvt. Ltd. and Galaxy Certifications Services Pvt. Ltd. – EKI continues to innovate, collaborate and expand, paving the way for a more sustainable future.
About EKI Energy Services Ltd.
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. EKI has consistently featured on The Next 500 – Fortune India List for both 2023 and 2024. Additionally, it has been honored with three prestigious awards at the Environmental Finance Sustainable Company Awards 2023, alongside other notable accolades. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details, please reach out to Ms. Garima Kumar at +91 98 735 10989 or via email at garima.kumar@enkingint.org.
India – March, 2024
EKI Power Trading Pvt. Ltd. proudly announces the appointment of Mr. Rajiv Goyal as its Chief Executive Officer (CEO) and Whole-Time Director. With a distinguished career spanning over 28 years, Mr. Goyal brings a wealth of experience and expertise in the energy sector to his new role.
EKI Power Trading Pvt. Ltd. Appoints Rajiv Goyal as its CEO, Whole-Time Director
Key Highlights
India – March, 2024
EKI Power Trading Pvt. Ltd. proudly announces the appointment of Mr. Rajiv Goyal as its Chief Executive Officer (CEO) and Whole-Time Director. With a distinguished career spanning over 28 years, Mr. Goyal brings a wealth of experience and expertise in the energy sector to his new role.
A graduate of REC Calicut Kerala in Electrical & Electronics Engineering, Mr. Goyal furthered his academic pursuits by obtaining an LLB degree in 2017. His extensive professional journey includes notable tenures with esteemed organizations such as RPSG Group at NPCL Greater Noida, Secure Meters, Mott MacDonald Consultants, and Mercados Energy Marketing.
With a solid foundation in electrical engineering and legal acumen, Mr. Goyal has demonstrated exceptional leadership and strategic vision throughout his career. He has designed T&D network of Greater Noida, Aurangabad city, MIHAZ SEZ Nagpur and Ayodhya. He is an expert in power distribution, Open Access, Regulatory Matters and RE Projects.
As CEO and Whole-Time Director of EKI Power Trading Pvt Ltd, Mr. Goyal will lead the company in fulfilling its objectives, which include trading in electricity, renewable energy certificates, carbon credits, and other related products. His extensive experience and deep understanding of the energy market will drive EKI towards achieving its goals and expanding its footprint in the industry.
“We are delighted to welcome Mr. Rajiv Goyal as the CEO and Whole-Time Director of EKI Power Trading Pvt Ltd. His proven track record of success and strategic leadership will be invaluable as we continue to grow and innovate in the dynamic energy landscape,” said EKI’s Assistant Vice President, Operations – Climate Change, Sukanta Das.
Mr. Goyal expressed his enthusiasm for his new role, stating, “I am honoured to join EKI Power Trading Pvt Ltd and lead the company in its mission to revolutionize the energy trading sector. I look forward to working closely with the team to drive growth, innovation, and sustainable energy solutions.”
We are confident that under Mr. Goyal’s leadership, EKI Power Trading Pvt Ltd is poised to achieve new heights and make significant contributions to the energy sector.
About EKI Power Trading Pvt Ltd:
EKI Power Trading Pvt Ltd is a subsidiary of one of the leading carbon credits developers and suppliers, EKI Energy Services Ltd.. It is a dynamic and innovative company dedicated to revolutionizing the energy trading sector. With a focus on trading in electricity, renewable energy certificates, carbon credits, and other related products, EPTPL is committed to driving sustainable energy solutions and contributing to a greener future. Our team, led by experienced professionals, strives to provide cutting-edge solutions and unparalleled service to our clients, ensuring efficiency, reliability, and environmental stewardship in all our endeavors. EKI Power Trading Pvt Ltd is poised to lead the way in shaping the future of energy trading. The company has an inter-state power trading license granted by Central Electricity Regulatory Commission (CERC) under the Indian Ministry of Power under Section 14 of the Electricity Act, 2003 (36 of 2003), with CERC license no. – 107/Trading Licence/2023/CERC.
Visit us: https://www.ekipowertrading.com/
Contact: (+91) 731 42 89 086
For more details or to contact us, please reach out to Ms. Garima Kumar at 9873510989 or via email at garima.kumar@enkingint.org.
EKI Energy Services Ltd. Achieves Recognition as Global Leader in Renewable Energy Carbon Credit Development
India – March 18, 2024: EKI Energy Services Ltd., a global leader in carbon offset solutions, is proud to share the news of its recognition as the leading renewable energy developer in Abatable’s Voluntary Carbon Market Developer Overview Report for the year 2023. This accolade solidifies EKI’s commitment to sustainable solutions and marks its consecutive success, having been ranked number one globally in 2022 & 2023.
Counting clients such as the World Bank Group, IMF, UNOPS, Siemens, Statkraft, Shell, Volkswagen, Adani Group, EKI captures more than 20% of the global voluntary carbon credit market issued credits share, encompassing renewable energy credits.
The report by Abatable (based at London, UK), which tracks 2023 issuances, highlights EKI Energy Services Ltd’s prominent position over several other esteemed carbon project developers. EKI Energy’s dedication to driving sustainable energy solutions and its work in the voluntary carbon market has earned the company this prestigious recognition.
The report includes an indication of the percentage of carbon credits issued using methodologies submitted for Core Carbon Principle approval by The Integrity Council for the Voluntary Carbon Market (ICVCM). It underscores EKI’s commitment to meeting the highest standards of carbon market integrity.
The report also sheds light on the significant transition-nuances facing the voluntary carbon market, with uncertainties surrounding the shift towards the Paris Agreement’s Article 6 market from the Kyoto Protocol’s Clean Development Mechanism (CDM). Despite challenges, the market continues to see investments and growth, with EKI at the forefront of driving positive change.
“We are honored to be recognized as a leading renewable energy projects developer in Abatable’s Voluntary Carbon Market Developer Overview Report,” said Mr. Manish Dabkara, Chairman and Managing Director at EKI Energy Services Ltd. “This acknowledgment is a testament to our unwavering commitment towards contributing to a greener future for generations to come.”
Renewable energy credits play a crucial role in the VCM for projects at developing economies, enabling organizations to offset their carbon footprint while supporting transition to green energy and energy independence.
In an extension to its commitment in the world of sustainability, with a strategic focus on expanding its tech portfolio, EKI aims to diversify its offerings to include innovative solutions such as integrated and improved cooking systems, water filters, and biochar-CCUS. These additions align with EKI’s vision to address climate challenges comprehensively and provide impactful solutions to businesses and organizations globally.
“We are proud of EKI’s achievements in advancing renewable energy solutions on a financial level,” said Mr. Naveen Sharma, Director-Global Carbon Sales & Origination at EKI. “This recognition underscores our dedication to sustainability and innovation.”
The future of the VCM holds immense potential, with market size projections indicating substantial growth. EKI remains committed to leading this transition, driving positive change, and facilitating sustainable development on a global scale.
The VCM’s worth reached $2 billion in 2021, a four-fold rise from 2020, in a pattern of explosive growth. The VCM is expected to grow to a market value of between $10 billion and $40 billion by 2030. With EKI at the forefront of this anticipated expansion which reflects the market’s reaction to the rising demand for carbon units, has been driven by a rise in corporate net-zero commitments and the acceptance of voluntary carbon units by compliance markets like CORSIA.
Abatable is a market intelligence and procurement platform for the voluntary carbon market. Its technology-enabled solutions connect companies and climate investors to the largest network of climate projects across the globe. Through this and their market intelligence suite they aim to help organisations build a thriving future for climate, nature and people.
About EKI Energy Services Ltd:
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
For more details or to contact us, please reach out to Ms. Garima Kumar at 9873510989 or via email at garima.kumar@enkingint.org.
India,February, 2024: GHG Reduction Technologies Pvt. Ltd., a subsidiary of EKI Energy Services Ltd., announced the inauguration of its state-of-the-art Biomass Briquettes (Biocoal) manufacturing plant in Dindori, Nashik, Maharashtra. The inauguration ceremony marked a significant milestone in GHG Reduction Technology’s ongoing commitment towards clean energy transitions and mitigating global warming.
EKI Energy Services Ltd. Ventures into Bio Briquettes Manufacturing Through its Subsidiary GHG Reduction Technologies Pvt. Ltd.
Key Highlights:
India – February, 2024Reduction Technologies Pvt. Ltd., a subsidiary of EKI Energy Services Ltd., announced the inauguration of its state-of-the-art Biomass Briquettes (Biocoal) manufacturing plant in Dindori, Nashik, Maharashtra. The inauguration ceremony, held on January 30, 2024, marked a significant milestone in GHG Reduction Technology’s ongoing commitment towards clean energy transitions and mitigating global warming.
The new biomass briquettes plant represents EKI’s mission to facilitate manufacture products that significantly reduce greenhouse gas emissions through its Nashik-based subsidiary. By introducing biomass briquettes as a cleaner and more sustainable alternative to traditional coal, the company aims to contribute to environmental conservation and promote eco-friendly energy solutions.
Biomass briquettes, made from agri-residue such as sugarcane trash, corn cob, soya husk, tamarind, and pomegranate waste, serve as a substitute for coal in boilers and furnaces. This not only minimizes reliance on conventional coal but also plays a crucial role in reducing biomass burning in farm fields, thereby abating local environmental pollution.
The inauguration ceremony was graced by the presence of esteemed dignitaries including Mr. Manish Dabkara, our Chairman and Managing Director, Mr. Pankaj Pandey, the Chief Operating Officer, and Mr. Samrat Sengupta, Vice President, Business Development, among others.
“We are proud to inaugurate our new Biomass Briquettes manufacturing plant in Dindori, Nashik, furthering our commitment to clean energy transitions and environmental sustainability. With a state-of-the-art facility and a dedicated team, we are poised to revolutionize the biofuel industry and contribute to a greener, more sustainable future for generations to come,” said Manish Dabkara, Chairman and Managing Director, EKI Energy Services.
With an initial production capacity of 800 metric tonnes per month, expandable up to 1200 metric tonnes a month, the new briquettes plant is poised to revolutionize the biofuel industry. This bio briquettes plant is the first of many that GHG Reduction Technologies plans to establish in the future as part of its expansion strategy towards providing cleaner and more sustainable energy solutions.
With a vision to lead the transition towards greener and environmentally conscious energy sources, EKI aims to leverage its expertise and resources to drive innovation and sustainability in the bioenergy industry.
About EKI Energy Services Limited
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 17 countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
Contact us at business@enkingint.org to start your climate journey.
Accra, Ghana — January 2024 — EKI Energy Services Ltd, a leading player in the carbon
EKI Energy Services Ltd Forges Strategic Partnership with African Jospong Group Of Companies Ltd to Mobilise Carbon Finance in the Continent
Accra, Ghana — January, 2024 — EKI Energy Services Ltd, a leading player in the carbon credit and sustainability sector, announced the signing of a Memorandum of Understanding (MoU) with African holdings company, Jospong Group Of Companies Ltd, a distinguished conglomerate with operations in African and Asian countries. The partnership among the two organisations was initiated on the sidelines of the 28th edition of the Conference of Parties (COP 28) in Dubai and then ratified in Accra.
This strategic collaboration solidifies the commitment of both entities to pioneer efforts in advancing sustainability, net-zero services, climate investments, and carbon neutrality. The MoU also outlines joint initiatives in offsets portfolio management services and capacity building for carbon markets.
Scope of Understanding: The collaboration encompasses various aspects of environmental stewardship, including but not limited to:
Manish Dabkara, Chairman and Managing Director at EKI Energy Services Ltd, expressed enthusiasm about the collaboration, stating, “We are thrilled to embark on this transformative journey alongside Jospong Group Of Companies Ltd. Our shared commitment to sustainability and environmental responsibility is a powerful catalyst for pioneering initiatives that will redefine industry standards. Together, we aspire to create groundbreaking solutions, driving positive change for our planet. This collaboration underscores our collective dedication to fostering innovation, promoting eco-conscious practices, and contributing to a sustainable future for generations to come.”
Dr. Joseph Joseph Siaw Agyepong, Executive Chairman of the Jospong Group of Companies verbalised his deepest appreciation for the collaboration and pledged his companies’ commitment to the sustainable waste management, environmental conservation, and international cooperation and the tenets of the Memorandum of Understanding to ensure climate neutrality and greener future.
Chief Investment Officer of the Jospong Group, Mr. Noah Gyimah and Mr. Said Haidar Executive Director of the Processing Cluster of the Group witnessed the signing of the MOU.
EKI believes that this partnership forged at the world’s largest climate conference would amplify the mutual efforts of both the companies for environmental action while uplifting the community, especially in Africa.
The collaboration aims to mobilize an impressive $1 billion in carbon credit financing with the ambitious goal of generating over 1,000 employment opportunities by 2030 in Ghana and West Africa.
During the recently concluded COP28 in Dubai, the Swiss government signed a landmark agreement with the Jospong Group, authorising Internationally Transferred Mitigation Outcome (ITMO) credits for four waste treatment plants owned by the Group’s subsidiary. This initiative, set to generate 1.5 million tonnes of CO2 equivalent credits valued at US$20 million by 2030, signifies a commitment to global sustainability goals. ITMO, operating within carbon emissions trading, facilitates international carbon credit acquisition or trade, aligning with the Paris Agreement’s Article 6.2.
About EKI Energy Services Ltd:
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more:
About JOSPONG GROUP OF COMPANIES LIMITED:
The Jospong Group of Companies stands as one of Ghana’s most diversified holdings conglomerates, extending its influence across various African nations and Asia. Established in 1995 as a printing press, the company has evolved into a powerhouse with operations spanning 14 sectors. Its primary focus areas include Waste Management, ICT, Banking, Automobile, and Equipment. Boasting over 60 companies, the Jospong Group prioritizes delivering quality products and services through uncomplicated technology at competitive rates. Their core business strategy involves identifying market gaps, fostering innovative businesses, building capacities, and nurturing them into industry leaders, both locally and internationally.
Dhar, Madhya Pradesh, India — January 16, 2024 — ‘Suryotsava: Nutan Aarambh,’ the inaugural event for the pilot project distributing the revolutionary indoor solar cooking device, ‘Surya Nutan,’ was successfully launched today in Kandipura Village, Dhar District, Madhya Pradesh.
Successful Launch of ‘Suryotsava: Nutan Aarambh’ Pilot Project Marks a Milestone in Clean & Sustainable Cooking in India
Dhar, Madhya Pradesh, India — January 16, 2024 — ‘Suryotsava: Nutan Aarambh,’ the inaugural event for the pilot project distributing the revolutionary indoor solar cooking device, ‘Surya Nutan,’ was successfully launched today in Kandipura Village, Dhar District, Madhya Pradesh.
Funded by EKI Energy Services Ltd, the project, for the distribution of ‘Surya Nutan,’ developed and patented by Indian Oil Corporation Ltd, aims to provide underprivileged and tribal beneficiaries in rural and semi-urban areas with a sustainable and cost-free solution for clean cooking.
The event witnessed the distribution of a substantial number of ‘Surya Nutan’ devices to enthusiastic beneficiaries in Kandipura Village. The technology, developed by IndianOil, combines solar PV with thermal storage and auxiliary support from grid power, ensuring 24×7 cooking solutions. The occasion was graced by several eminent personalities of the region, including the MLA of Dharampuri constituency, Shri Kalu Singh Thakur.
Others who were present at the event, included, Shri Priyank Mishra, Dhar District Magistrate, Shri Shashwat Sharma, Sub-Divisional Magistrate, Pithampur region, and Osamu Iwamoto, Senior Vice President, Natural Gas and Power Solution, Mitsubhishi Corporation India Pvt Ltd. The guests present there underscored the significance of the project in sustainable development.
Dr Umish Srivastava and Mr Saumitra Chakraborty from IOCL and Mr Pankaj Pandey and Mr Samrat Sengupta from EKI were also present at the event as the ones spearheading the whole project.
‘Surya Nutan’ is a stationary, rechargeable, and always kitchen-connected indoor cooking solution capable of cooking a variety of Indian food items involving boiling, steaming, frying, and “roti” making. Suitable for a family of 4 people, ‘Surya Nutan’ offers modularity to fulfill cooking requirements, stores solar energy to overcome intermittent, and is safe in operation with minimal maintenance.
Key Highlights:
‘Surya Nutan’ aims to discourage the use of traditional mud stoves or three-stone cookstoves, reducing carbon emissions by 7-8 tons annually.
This initiative aligns with India’s commitment to green technology transition.
The launch initiated with EKI distributing a symbolic 25 indoor solar cooking systems to beneficiaries in Kandipura, and aims to take this number to 500 in the village. EKI hopes to touch the lives of a total of 2 million families with this project.
The technology developed by IndianOil combines solar PV with thermal storage and auxiliary support from grid power, ensuring 24×7 cooking solutions.
Mr Soumitra Chakraborty, Chief General Manager, IOCL said, “The success of ‘Suryotsava: Nutan Aarambh’ marks a pivotal step toward a cleaner, healthier, and more sustainable future for the communities involved. The project’s alignment with several United Nations Sustainable Development Goals reflects a holistic approach to addressing environmental, health, and socio-economic challenges.”
Mr. Manish Dabkara, Chairman and Managing Director, EKI Energy Services, expressed, “As we embark on the journey of ‘Suryotsav: Nutan Aarambh,’ we envision a future where sustainable energy reaches every corner, transforming lives and safeguarding the environment. This initiative aligns with our commitment to innovation and inclusivity, aiming to provide clean cooking solutions to the underprivileged by channelizing global carbon finance.”
Dr. Umish Srivastava, Executive Director of Research and Development at IOCL, expressed, “After dedicated efforts spanning 4-5 years, the IOCL R&D center has successfully developed an innovative technology integrating solar power with a thermal battery system for indoor use. This groundbreaking system eliminates the use of polluting fuels, significantly improving in-house air quality. Its impact is particularly profound for the health of women and children. Moreover, the technology plays a crucial role in mitigating greenhouse gas emissions, aligning with our commitment to sustainable and eco-friendly solutions.”
About EKI Energy Services Ltd:
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/ Top of Form
About Indian Oil Corporation Ltd (IOCL):
Indian Oil Corporation Limited is a diversified, integrated energy major with presence in almost all the streams of oil, gas, petrochemicals and alternative energy sources; state-of-the-art technologies and cutting-edge R&D. As a Brand with one of the largest customer interfaces in India, IndianOil reaches precious petroleum fuels to every nook and corner of the country through its network of over 60,000+ customer touch-points, surmounting the challenges of tough terrain, climate and accessibility. The marketing network is bolstered by 70.05 MMTPA of Refining Capacity and more than 17,000+ KM of cross-country pipelines. IndianOil’s R&D Centre at Faridabad, one of Asia’s finest in downstream petroleum R&D, offers a competitive advantage to the Corporation through world-class technology and process solutions and innovative products. IndianOil R&D has also been instrumental in pioneering path-breaking research to leverage the potential of Hydrogen and other cleaner fuels for the sustainable progress of the nation. Visit www.iocl.com.
Disclaimer: The information provided in this press release is based on publicly available information and does not contain any undisclosed or proprietary information, violating the silent period norms.
India, 21 December 2023: EKI Energy Services Ltd., a leading global carbon credit developer and supplier, has unveiled a comprehensive analysis of the outcomes and pivotal decisions emerging from the recently concluded COP28 in Dubai. The whitepaper, titled ‘COP28 Outcomes: A Comprehensive Review Through the Lens of the Carbon Market,’ explores critical issues discussed during the conference, such as challenges in operationalizing Article 6, standardization in Voluntary Carbon Markets (VCM), mega collaboration for unlocking high integrity carbon markets, a historic deal to transition away from fossil fuels, and the pressing issue of climate finance.
EKI Energy Services Ltd. Unveils Insights into Crucial Outcomes of COP28 in Latest Whitepaper
India, 21 December 2023: EKI Energy Services Ltd., a leading global carbon credit developer and supplier, has unveiled a comprehensive analysis of the outcomes and pivotal decisions emerging from the recently concluded COP28 in Dubai. The whitepaper, titled ‘COP28 Outcomes: A Comprehensive Review Through the Lens of the Carbon Market,’ explores critical issues discussed during the conference, such as challenges in operationalizing Article 6, standardization in Voluntary Carbon Markets (VCM), mega collaboration for unlocking high integrity carbon markets, a historic deal to transition away from fossil fuels, and the pressing issue of climate finance.
The comprehensive whitepaper explores challenges related to the operationalization of Article 6, especially Article 6.4; highlights efforts toward standardization in Voluntary Carbon Markets (VCM), and delves into a landmark deal aimed at transitioning away from fossil fuels. Additionally, the whitepaper addresses the critical issue of climate finance, providing valuable insights into the financial gap that emerged during COP28.
With a renewed commitment to a uniform integrity approach, the Voluntary Carbon Market (VCM) emerges as a powerful force for change, earning recognition and support from government officials, conservation organizations, and industry groups. This commitment positions the VCM in a pivotal role, offering ample space to enact essential transformations on the climate action stage.
Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, “EKI is glad to contribute to the discourse on COP28 outcomes through our comprehensive whitepaper. We are committed to supporting international efforts in combating climate change and we believe that the insights provided will contribute to the ongoing dialogue on global climate action.”
“The challenges faced in operationalizing Article 6 at COP28 underscore the delicate balance between market approaches and the necessity for robust regulations. The Voluntary Carbon Market is a powerful force for change, supported by government officials, conservation groups, and industry. With a renewed commitment to integrity, the VCM is poised to drive crucial transformations in climate action. We believe that a transparent and well-regulated carbon market is essential for driving meaningful change in global climate action.“, he added.
The outcomes of COP28 hold significant implications for EKI. With their ample resources, EKI is well-equipped to navigate the landscape of Article 6.2, Voluntary Carbon Markets (VCM), International Renewable Energy Certificates (IREC), Carbon Border Adjustment Mechanism (CBAM), Sustainability initiatives, Corporate Social Responsibility-Integrated Carbon Solutions (CSR-ICS), and National Emissions Trading Systems (ETS). EKI’s strategic focus includes exploring investment prospects in biofuels, Article 6.2 credits, and the manufacturing and recycling of materials, aligning with their commitment to sustainability and contributing to the global climate agenda.
About EKI Energy Services Limited
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 17 countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
Contact us at business@enkingint.org to start your climate journey.
India, December 6, 2023: In a significant move towards advancing sustainable energy solutions for communities, EKI Energy Services Ltd., a leading carbon credits developer and supplier globally, and Indian Oil Corporation Ltd. (IndianOil), India’s flagship Maharatna oil company, have formalized a Memorandum of Understanding (MOU). This strategic collaboration aims to promote “Surya Nutan”, IndianOil’s innovative indoor solar cooking system.
EKI Energy Services Ltd. and Indian Oil Corporation Limited (IOCL) Forge Partnership to Promote Sustainable Indoor Solar Cooking System
India, December 6, 2023: In a significant move towards advancing sustainable energy solutions for communities, EKI Energy Services Ltd., a leading carbon credits developer and supplier globally, and Indian Oil Corporation Ltd. (IndianOil), India’s flagship Maharatna oil company, have formalized a Memorandum of Understanding (MOU). This strategic collaboration aims to promote “Surya Nutan”, IndianOil’s innovative indoor solar cooking system.
IndianOil, the country’s largest fuel refiner and retailer, has a prominent presence across the entire hydrocarbon value chain. Aligned with the nation’s green goals, the Fortune 500 energy major has committed to go net zero by 2046 and is diversifying its portfolio to include alternative energy sources. One notable addition is the development of “Surya Nutan” an Indoor Solar Cooking System; a stationary, rechargeable, and always kitchen-connected indoor cooking solution based on IndianOil’s patented technology.
Under the MOU, IndianOil will share the technology of “Surya Nutan” with EKI to enhance its production and distribution, supported by carbon finance while contributing towards the betterment of society and environment. EKI will oversee the end-to-end management of ‘Surya Nutan’ encompassing manufacturing, marketing, installation, and the provision of after-sales services. This will be achieved by leveraging carbon finance, corporate social responsibility, or any other similar means.
This collaboration signifies a commitment to advancing clean energy practices and fostering a more sustainable future. The cooperative effort aims to bring about positive change by promoting accessible and eco-friendly cooking solutions in the market and the partnership underscores the joint efforts of EKI and IndianOil to drive positive change and contribute to India’s sustainable energy landscape.
Mr. Manish Dabkara, MD & Chairman, EKI Energy Services Ltd., said, “This collaboration stands as a testament to our unwavering dedication to promote community level decarbonization solutions. By promoting ‘Surya Nutan’, we are not just endorsing innovation but also embracing our responsibility towards the country’s environmentally sustainable development needs. This initiative resonates with our core values, marking a significant stride in our commitment to ushering in cleaner and more efficient energy alternatives in India.”
“We believe that ‘Surya Nutan’ has the potential to revolutionize how we approach indoor cooking, aligning seamlessly with our vision for a greener and more sustainable future. We look forward to the positive impact this partnership can have on the lives of individuals and the environment, setting a new standard for responsible corporate collaboration in the pursuit of a better world.”, he added.
About EKI Energy Services Ltd.
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more:
About Indian Oil Corporation Limited (IOCL)
India, 15th September 2023: EKI Energy Services Ltd., a leading carbon credit developer and supplier across the globe, proudly announces its impressive performance at the prestigious Environmental Finance Sustainable Company Awards 2023. The event, which celebrates organisations and individuals leading the way in environmental and sustainable practices, saw EKI shine brightly on the global stage with three remarkable accolades.
EKI Energy Services Ltd. Wins Three Prestigious Awards at Environmental Finance Sustainable Company Awards 2023, Shining Bright on the Global Stage
India, 15th September 2023: EKI Energy Services Ltd., a leading carbon credit developer and supplier across the globe, proudly announces its impressive performance at the prestigious Environmental Finance Sustainable Company Awards 2023. The event, which celebrates organisations and individuals leading the way in environmental and sustainable practices, saw EKI shine brightly on the global stage with three remarkable accolades.
The Environmental Finance Sustainable Company Awards recognize leading companies across all industries that are transforming their business practices to pave the way towards a net-zero future.
In a momentous triumph, Mr. Manish Dabkara, Chairman & MD of EKI, has been awarded the title of “Global Net Zero Champion of the Year”. This esteemed recognition underscores Mr. Dabkara’s visionary leadership and unwavering commitment to advancing net-zero initiatives on a global scale.
EKI’s dedication to community and sustainability has also received international acclaim, as the organisation has been awarded the title of Community Involvement Program of the Year (EMEA) for its clean cooking initiative which focuses on community development while ensuring environmental sustainability. EKI’s improved cookstoves, ‘Agneeka Ecomini’ lower fuel requirements, improve indoor air quality, reduce the drudgery of women and children who travel long distances to carry heavy logs of wood and significantly reduce greenhouse gas emissions. EKI reports it has already distributed over two million of its cookstoves to communities in many low-income parts of the world, largely Asia and Africa.
In another triumphant win, EKI’s Vice President, Mr. Samrat Sengupta, has been named the Sustainable Business Leader of the Year in the APAC region. This accolade celebrates his outstanding contributions to sustainable business practices, setting a shining example for the global community.
Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, “These awards stand as a testament to EKI’s unwavering dedication to creating a sustainable future for all. They reaffirm our commitment to innovation and relentless collaboration in our pursuit of net-zero emissions. We are honoured by this recognition, which reflects our team’s global commitment to sustainability. We remain steadfast in our mission to safeguard our planet and leave a lasting legacy of environmental stewardship.”
EKI is committed to driving innovation, sustainability, and positive change globally. These accolades from the Environmental Finance Sustainable Company Awards 2023 serve as a testament to the company’s ongoing commitment to a greener, more sustainable future.
Environmental Finance is an online news and analysis service that reports on sustainable investment, green finance and people and companies active in environmental markets.
To read more from Environmental Finance about EKI and its journey towards ensuring a sustainable tomorrow, click here.
About EKI Energy Services Limited
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 17 countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
Contact us at business@enkingint.org to start your climate journey.
April 17, 2023, India: EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has been Great Place to Work® Certified (GPTW) in India, becoming the first top global carbon consulting company to gain the recognition. The certification is purely based on employees’ experience of working at EKI and validates how EKI continues to progress in building a strong organisational culture that is aligned with its values.
EKI Energy Services Ltd. is Now Great Place to Work® Certified
April 17, 2023, India: EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has been Great Place to Work® Certified (GPTW) in India, becoming the first top global carbon consulting company to gain the recognition. The certification is purely based on employees’ experience of working at EKI and validates how EKI continues to progress in building a strong organisational culture that is aligned with its values.
Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, “We are extremely pleased with the recognition. At EKI, we have fostered an inclusive, productive and positive work environment that unites our employees and helps them set a clear direction. We strongly believe that building high-performing teams hinges on the culture an organisation cultivates, the work environment it creates and the relationships it builds with its team. If an organisation wants to retain its people and create a positive work culture, it needs to do more than just put them to work.”
“The passion and motivation of our team drive our success. We prioritise workplace learning, experimentation and knowledge sharing to help contribute towards professional development of our employees. We are as committed to our team as we are to a net-zero future. To be Great Place to Work® Certified is a testament to the trust and efforts that every employee of EKI family has put in to make it a preferred workplace”, he added.
Ms. Sonali Sheikh, Director, HR & Admin, EKI said, “We are extremely delighted, as we have always worked hard to create a thriving environment for our team and with this milestone, we are confident that we are headed in the right direction to take EKI even further, which ensures that our workforce is not just limited to that but are an inclusive part of the EKI family.”
Our employees feel that the nature of our work and the vision of EKI gives them a sense of purpose, beyond just a regular job. Thrilled with the announcement, our employees are now more excited than ever to steer the planet towards Net Zero and grow together.
Great Place to Work® is the global authority on building, sustaining and recognizing High-Trust, High-Performance Culture at workplaces.
Great Place to Work® Institute serves businesses, non-profits, and government agencies in more than 60 countries, across all six continents with a mission to partner with more than 10,000 organisations every year. It has conducted pioneering research on the characteristics of great workplaces for over 30 years.
About EKI Energy Services Limited
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
Contact us at business@enkingint.org to start your climate journey.
Annexure: Great Place To Work® Certificate.
April 11, 2023, India: EKI Energy Services Limited, a leading developer and supplier of carbon credits across the globe is pleased to announce that Mr. Pankaj Pandey is taking over his responsibilities as the Chief Operating Officer (COO) in the company.
Mr. Pankaj Pandey takes over as the COO of EKI Energy Services Limited
April 11, 2023, India: EKI Energy Services Limited, a leading developer and supplier of carbon credits across the globe is pleased to announce that Mr. Pankaj Pandey is taking over his responsibilities as the Chief Operating Officer (COO) in the company.
Mr. Pandey, who was heading the community-based projects at EKI and the business development team has now been elevated as the company’s COO w.e.f April 1, 2023. He will also continue his previous responsibilities along with heading a Climate Change study department at EKI.
Mr. Manish Kumar Dabkara, Chairman and MD, EKI said, “Pankaj had joined us to lead our community development focus. I am happy to announce that in him we found a leader who can guide the entire team at EKI to newer heights in the national and international arena of climate action as the company COO. With Pankaj onboard, we are headed for a great stride onwards to many more accomplishments. I wish Pankaj the very best for his continued journey with us”.
Mr. Pankaj Pandey, COO, EKI said, “Team EKI is an embodiment of great team spirit, a can-do attitude and deep passion for climate action and sustainability under the leadership of Manish. I am delighted to be able over the baton of leading such a fantastic team. As I step into this additional new role, I am confident of continuing the company’s community upliftment focus even as the company achieves new milestones”.
Pankaj has more than 15 years of experience in expanding organizational reach and market share through strategic business planning and innovative business development concepts, business strategy formulation, planning, effective, and efficient execution.
He specialises in revenue acceleration, pricing sciences, and the execution of strong business strategies. He previously worked for CG Power & Industrial Solutions Ltd. (formerly Crompton Greaves).
Since its inception in 2008, EKI has been working towards the creation of a sustainable planet and provides a comprehensive suite of end-to-end solutions for climate actions, enabling businesses to meet their climate targets. More information on EKI’s sustainable solutions can be found here.
About EKI Energy Services Limited
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
Contact us at business@enkingint.org to start your climate journey.
March 30 2023, India: EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has joined hands with WOCE Solutions Pvt. Ltd., a company that helps organizations understand and implement the concept of capturing carbon footprint through innovative product offerings.
EKI Energy Services Ltd. joins forces with WOCE Solutions Pvt. Ltd. to provide a comprehensive bouquet of sustainability solutions with integrated technology
March 30 2023, India: EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has joined hands with WOCE Solutions Pvt. Ltd., a company that helps organizations understand and implement the concept of capturing carbon footprint through innovative product offerings.
It’s a first-of-its-kind development in the country which seeks to facilitate individuals, businesses and organizations with a one-stop solution for all aspects of carbon inventory, management and neutrality/net-zero solutions.
This association will also pave way for development & adoption of Digital Monitoring, Reporting & Verification (DMRV) for various projects which EKI is servicing across the globe in addition to the ones it will undertake in future, resulting in improved quality assurance, accuracy, integrity, transparency and trust.
As a result of the collaboration, EKI aims to enhance the current scope and extent of its sustainability and climate change solutions by integrating technology into the existing service offerings. All the existing and prospective clients will now be facilitated with end-to-end carbon management including the ability to capture, measure, track, reduce and offset their carbon footprint.
Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, “We believe it is important to strengthen climate action globally to control GHG carbon emissions and fast stride the journey towards a net-zero future. This is possible only if individuals, businesses and organizations realize the need for reducing their carbon footprint, get right guidance and consultancy to start their climate journey and contribute significantly towards global climate action. Through our collaboration with WOCE, we aim to ease the climate journey for everyone and ensure that one gets all climate solutions from the calculation of carbon footprint to consultancy for carbon offset management under one roof.”
Mr. Anup Garg, Founder and Director at World of Circular Economy (WOCE) Solutions Pvt. Ltd., said, “Our partnership with EKI represents a significant step towards creating a more sustainable and equitable world. With this collaboration, we will provide an all-encompassing suite of sustainability consulting and technology solutions to 3500+ clients across 40+ countries which EKI is currently serving. Our goal is to achieve carbon neutralization. WOCE is dedicated to offering comprehensive solutions that will aid in the creation of a sustainable future for all. Together with EKI, we will drive meaningful change and ensure a better future for generations to come.”
According to a recent research report by Research and Markets, the global sustainability & energy management software market is growing exponentially. It was estimated at USD 1.34 billion in 2022, USD 1.51 billion in 2023, and is projected to grow at a CAGR of 12.39% to reach USD 3.42 billion by 2030.(Source: link)
Climate compliance continues to be a largely voluntary practice by companies. EKI envisions enabling businesses, organizations and even individuals across the globe to gauge the adverse effect of their business activities on climate and be a one-stop solution for climate action at all levels. It is time that everyone understands their climate obligations and through this collaboration, EKI aims to onboard more people to adopt sustainable practices and enhance its leadership in the climate services sector globally.
About EKI Energy Services Limited
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
Contact us at business@enkingint.org to start your climate journey.
About WOCE Solutions Pvt. Ltd.
WOCE Solutions Pvt. Ltd. is a Delhi-based startup on a mission to build a more sustainable future for all, with a mission to enable businesses, organizations, and individuals to solve sustainability challenges and realize competitive advantage and impact at scale towards Net Zero 2070. Founded in May 2022, the company offers a blend of consulting (WOCE Consulting) and technology (WOCE LABS) solutions that include defining sustainability strategy and roadmaps and regulatory compliance solutions, sustainability education and training, as well as a platform and product suite for sustainability measurement (scope 1, 2, and 3 emissions reporting), analytics, and performance tracking. WOCE also provides services related to regulatory reporting and compliance for GHG, GRI, TCFD, CDP, SECR, and other standards. Through its comprehensive solutions, WOCE is committed to building a more sustainable future for all.
Visit our website to know more: https://www.worldofcirculareconomy.com/
Contact us at partners@worldofcirculareconomy.com
March 2 2023, India: EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has signed an MOU with UK-based Inclusive Energy Ltd (IE), engaged in the business of manufacturing and supply of smart meters for biogas and DC solar systems, and associated software platforms. The purpose of MOU is to deepen and strengthen the strategic partnership to further digital carbon MRV for energy projects in the voluntary carbon market.
EKI Energy Services Ltd. (EKI) collaborates with UK-based Inclusive Energy Ltd to further digital carbon MRV for energy projects in the voluntary carbon market
February _ 2023, India: EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has signed an MOU with UK-based Inclusive Energy Ltd (IE), engaged in the business of manufacturing and supply of smart meters for biogas and DC solar systems, and associated software platforms. The purpose of MOU is to deepen and strengthen the strategic partnership to further digital carbon MRV for energy projects in the voluntary carbon market.
Smart Biogas meters are specifically designed for small and medium-scale biogas plants and can enable Digital – Monitoring Reporting and Verification (D-MRV) to replace manual data collection which is often questioned for its integrity and costs. The biogas meters have been accepted by CDM and Gold Standard through 2 methodology deviations approved by CDM and Gold Standard.
Under the collaboration, EKI and IE will explore the opportunities for, and promote the use of, digital approaches to carbon MRV in the biogas market. EKI will also ensure feasibility analysis of carbon offsets certification with various international standards as per their existing rules & regulations, policy and market analysis. They will evaluate the risks and benefits of different international carbon offset standards, and end-to-end management of the carbon offset certification cycle including trading of offsets. IE will be responsible for the installation and monitoring of performance parameters of Smart Biogas meters within shared projects.
Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, “Digital MRV of reductions in GHG emissions has been gaining momentum recently. Digital innovations are being leveraged to drastically improve the efficiency, credibility and reliability of MRV activities and also play a key role in scaling carbon markets with integrity. Its benefits are significant, including increased efficiencies and accuracy of verification activities, improved data quality and comparability and near-real time issuances. Through our collaboration with Inclusive Energy, we aim to strengthen digital approaches to carbon MRV in the biogas market to ensure comprehensive data collection and spur growth in voluntary carbon market.”
Mr. Vijay Bhopal, CEO, Inclusive Energy Ltd. said, “We believe that D-MRV is not only an opportunity now, but likely a necessity in the future. The technology needed to create verifiable, accurate and cost-effective carbon credits exists. We hope to create a market for these higher quality, digitised offsets, leading to more trust and investment in the biogas market at large. This collaboration with a leading carbon credit developer such as EKI is significant, as the biogas market attempts to unlock voluntary carbon market models that work better for biogas businesses and customers.”
D-MRV approaches will allow for integrated digital systems encompassing monitoring, quantification, verification, and issuance processes, hence enabling continuous certification and issuance. This will provide verifiers, standards, and researchers with a wealth of data that could be used to improve methodologies, verification, and certification, increase accuracy and credibility of emission reduction/removal quantification and help optimize crediting activities.
The collaborative projects in the biogas market will also enable significant GHG emission reduction. The generated biogas from the plants will be used for cooking and other thermal energy needs in households. The thermal energy generated from the project activity replaces the equal amount of thermal energy which otherwise would have been supplied from the woody biomass (fire-wood) based stove technology or LPG stoves.
About EKI Energy Services Limited
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
Contact us at business@enkingint.org to start your climate journey.
About Inclusive Energy
Inclusive Energy is a specialist smart metering company working in both solar and biogas. Their smart metering products are in use in 27 countries and are pushing beyond the state-of-the-art, bringing about new opportunities for their customers through digitisation. Based in the UK and India, the company was incorporated in 2018 and launched Smart Biogas in 2021. They have pioneered D-MRV approaches in the biogas market for several years; achieving methodological deviations to both CDM and Gold Standard to allow for digital approaches. The company has been piloting digital D-MRV approaches with leading stakeholders in Kenya and Uganda since 2022.
India, Feb 20,2023: India has finalised a list of activities that is taken into account for selling carbon credits on the global market, in compliance with Article 6.2 of the Paris Agreement, in a step that is sure to please investors in the carbon credit market. EKI welcomes this important milestone in the step forward to a greener planet.
EKI welcomes India’s step forward to greener planet as Centre releases tech list under Article 6.2 of Paris Agreement
EKI Energy welcomes the Indian government’s move that is going to bring cheers to the investors in the carbon credits market, it has finalised a list of activities that will be taken into account for trading carbon credits on the global market, in accordance with Article 6.2 of the Paris Agreement.
India, Feb 20,2023: India has finalised a list of activities that is taken into account for selling carbon credits on the global market, in compliance with Article 6.2 of the Paris Agreement, in a step that is sure to please investors in the carbon credit market. EKI welcomes this important milestone in the step forward to a greener planet.
The list, made public by the Union Environment Ministry on last Friday, includes Greenhouse Gas (GHG) mitigation activities, alternate materials, and removal activities. The complete list is as follows:
The list effectively serves as a wishlist of areas where India aims to attract investments, with the investing nation or company receiving a share of the carbon credits obtained from deploying these technologies to offset carbon emissions.
“These activities will facilitate adoption/transfer of emerging technologies and may be used to mobilise international finance in India,” said the Government of India.
This notification along with earlier amendment Energy Conservation Act 2022, and subsequent commitment to formalize National Emission Trading System (National ETS) of India, have unlocked new market potentials for the business sector participation towards carbon neutral development. The industry investor in low carbon technologies will now have five different markets segment to choose from for monetizing their carbon credits. These include –
Option 01: Domestic Compliance Carbon Markets (National ETS with National Registry Compliance)
Option 02: Domestic Voluntary Carbon Markets (Voluntary Corporate Actions with National Registry Compliance)
Option 03: Article 6.2 of the Paris Agreement Carbon Markets (Sovereign Trade through Bilateral and Cooperative mode under UNFCCC)
Option 04: Article 6.4 of the Paris Agreement Carbon Markets (International Compliance & Voluntary Carbon Market under UNFCCC)
Option 05: International Voluntary Carbon Markets (Voluntary Corporate Actions through Independent Credible Registry Systems)
Domestic Compliance & Voluntary Carbon Markets:
Option 01: Domestic Compliance Carbon Markets (National ETS with National Registry Compliance)
Option 02: Domestic Voluntary Carbon Markets (Voluntary Corporate Actions with National
The flagship environmental commodity trading schemes that are currently active in India include:
– Perform, Achieve and Trade Scheme (PAT Scheme) under which specific energy consumption targets were given to high energy intensive industrial sectors. ESCerts is the commodity, which is traded under this scheme.
– Renewable Purchase Obligation (RPO) under which obligated entities were given target to have Renewable energy mix. REC (Solar and Non-Solar) is the commodity that is traded under this scheme.
ESCerts and RECs will now be merged into one single commodity & would be known as Domestic Carbon Credits which will operate under Cap & Trade system under National ETS. This is expected to unleash a new era of environmental activism in India even as the country continues to keep its businesses at the forefront.
Documents published by the Bureau of Energy Efficiency (BEE) under Ministry of Power state that though the scheme maybe Voluntary in nature for initial couple of years, once it becomes mandatory for specific sector(s), the scheme will remain open for the Indian Voluntary Market buyer as mentioned in the EC Act. This will open the market for newer avenues even as the demand for Voluntary Carbon Credits grows exponentially in the country.
As a leading player in the International Voluntary Carbon Markets, EKI welcomes these developments given its numerous positives for the country. This will not only enable the development of a robust regulatory driven market but will also significantly contribute towards flourishing the Voluntary Carbon Market in the country.
International Compliance Market to be incorporated under Article 6 of the Paris Agreement
Option 03: Article 6.2 of the Paris Agreement Carbon Markets (Sovereign Trade through Bilateral and Cooperative mode under UNFCCC)
Option 04: Article 6.4 of the Paris Agreement Carbon Markets (International Compliance & Voluntary Carbon Market under UNFCCC)
One of the key outcomes of the COP26 climate summit in Glasgow was the approval of Article 6 – the Paris Agreement’s rulebook governing carbon markets; which further got strengthen through detailing of modalities and procedures during COP 27 at Egypt.
Article 6.2 allows Nations to pursue voluntary cooperation in the implementation of their nationally determined contributions (NDC). Many Nations did the same cooperation like Switzerland and Ghana. With this notification it is obvious that Govt of India will now get into such cooperation agreements with major technology supplying nations and will open to sell the Carbon Credits originated from specific activites. Internationally Transferred Mitigation Outcomes (ITMO) is the commodity that is traded under this sub article.
Article 6.4 establishes a central United Nations (UN) mechanism to trade credits from emissions reductions generated through specific projects. Article 6.4 clearly sets to mobilize an efficient operationalization of market-based mechanism; with or without Country Approval, to be deployed as ITMOs or Voluntary Credits.
The Government of India has now constituted the National Designated Authority for the Implementation of the Paris Agreement (NDAIAPA) vide Gazetted Notification dated 30.05.2022. The NDCs are to be implemented in the post-2020 period. India had submitted its first NDCs in 2015 & on 3 Aug 22 the Union Cabinet, chaired by Prime Minister – Shri Narendra Modi, approved an update to India’s Nationally Determined Contribution (NDC), which is a formal communication to the United Nations, spelling out steps to be taken by the country towards keeping global temperatures from rising beyond 2°C by the end of the century. A6.4 Emission Reductions (A6.4 ER) is the commodity that is traded under this sub article.
The impact on International Voluntary Carbon Markets
Article 6 and domestic/regional emission trading schemes have not led to any changes in the International Voluntary Markets. International Voluntary buyers now have a plethora of choices of ITMOs, Art6.4ERs with Use Authorization, Art.6.4ERs without Use Authorization and, of course, the many different types of voluntary credits issued by different voluntary standards (like CDM, VCS, GS, GCC, etc) and can now themselves, insist for corresponding adjustments (if any).
Since International Voluntary Markets have no double counting issues, no nation has banned the trade of carbon credits under it.
As per Taskforce on Scaling Voluntary Carbon Market [TSVCM] assessment, the International Voluntary Carbon Market is poised to become a 200 Billion USD market by year 2030; with present market size of 1-2 Billion USD.
Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said “India has essentially signal a long-term policy outlook, welcoming investments in specific technologies / activities, as notified. It will encourage investors and businesses to make informed-investments in promotion of these low-carbon technologies in the fastest growing market in the world, leveraging the assured carbon revenue.”
This initiative would soon generate a significant volume and speed in both domestic Indian ETS and foreign trade (FDI) under Article 6.2 for Carbon Credits / Offsets. EKI Energy, one of the World largest Carbon Credit developer, welcomes the notification and which will definitely strengthen the future carbon market and help bring stakeholders confidence in this key area for the bright future of the planet.
About EKI Energy Services Limited
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to lists a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3000+ customers across 40+ countries worldwide. As on date, EKI has supplied over 200+ million offsets.
Connect us at business@enkingint.org or visit us at https://enkingint.org/
India, October 12, 2022: In a first-of-its-kind development in the country, eminent stakeholders from the realm of climate change in India, today announced that they have joined hands with Carbon Markets Association of India to form a strategic industry alliance. Established with an aim to transform the country’s carbon market and spearhead the evolution of the domestic market, the association will empower India’s journey to become net-zero through climate positive initiatives.
Members of Carbon Markets Association of India pledge to work towards empowering India’s journey to net-zero
India, October 12, 2022: In a first-of-its-kind development in the country, eminent stakeholders from the realm of climate change in India, today announced that they have joined hands with Carbon Markets Association of India to form a strategic industry alliance. Established with an aim to transform the country’s carbon market and spearhead the evolution of the domestic market, the association will empower India’s journey to become net-zero through climate positive initiatives.
Established at an opportune time as the market gears up for a revolution with the Energy Conservation Act 2022 likely to come into effect soon, the association will work across sectors to bring together an entire ecosystem that focuses on India’s net-zero growth. With climate change as its core focus, the association will also support the development of innovative interventions for climate action.
The association has brought together the industry best experts from the realm of climate change in India under a single platform. Its eminent members include Ayana Renewable Power, ACME Solar, Azure Power, EKI Energy Services Ltd., Macquarie Group, MPCON Ltd. (from Govt. sector), IB Vogt Solar India, Hero Future Energies, Gangadhar Narsinghdas Agrawal, Virescent Renewable Energy Trust, GNA Axles, Adani Greens, Sekura Energy, Virescent Infra (KKR), Torrent Power and DOE (designated operational entities) such as – KBS and VKU Certifications.
Started with select members to begin with, the association will add more members in the next few weeks. Companies eligible to join the association as members include investors or climate project owners and third party inspection companies that have a minimum investment of INR 100 crores in their respective organization/project. Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. will be President of the association.
Representing the association and all its members, Mr. Manish Dabkara, President – Carbon Markets Association of India, said “A robust carbon credit market is the most strategic mechanism that can enable the country’s transition to become carbon neutral and march onwards to net-zero by 2070 as envisioned and committed at COP26 by our PM Shri Narendra Modi. The domestic market that is formed in unison and close consultation with relevant industry stakeholders can tremendously accelerate the country’s transition to become carbon neutral. The association has thus been formed with this at its core DNA, bringing together some of the best minds for advocacy and capacity building”.
He added, “The recent clarification by Shri R.K Singh – Minister of Power and New & Renewable Energy, Govt. of India that the surplus carbon credits from the country will continue to be exported worldwide is a phenomenal development at the opportune time of the association’s launch. India’s carbon market is headed for a new success story and the association will add further impetus to this growth of the market”.
Registered under Section 8 on March 29, 2022 the association aims to work as a mediator between the industry and Govt. bodies for drawing up recommendations on policy guidelines related to Article 6.2, Article 6.4 and the National ETS. The association will help harness the full potentials and deep learning from International Voluntary Carbon Markets for the domestic ETS. The association will play a key role in enabling this development of India’s credit market as it brings together all the key industry stakeholders of the country’s climate revolution – starting from the farmers in the remotest villages to the Central and State Govts., to municipal corporations, to the public and private sector companies and all associated establishments working towards enabling climate action in India.
The export of carbon credits from India to International markets under the Voluntary market scheme, ensures a strong influx of climate finance to India which the country can add back for carbon reduction projects and interventions. The association will help further accelerate this journey as it brings together all the industry stakeholders to establish a dynamic carbon market, facilitating more trade of carbon credits which would imply increased carbon neutral growth and the attainment of NDC goals.
Write to us at secretary@cma-india.in for more details.
***
About Carbon Markets Association of India
The Carbon Markets Association of India is a coalition formed with the best of experts from the industry who have teamed together to ensure that India’s journey to develop the National ETS and a robust Domestic Carbon Market, that is well structured with the right policy advocacy and regulatory framework. It aims to bring together all stakeholders in India’s climate change and carbon offset industry, starting from the farmers in the remotest villagers to the MSMEs to the large industries, to formulate strategic steps that can empower the country’s stride to a net zero future. The association is committed to ensure the development of strong policy guidelines and framework to empower the country’s carbon market. For more details, log on to http://cma-india.in/
Indore, 04th November 2022: EKI Energy Services Limited (Brand name “EKI-Enking International”), a prominent developer and supplier of carbon credits across the globe, today announced its Financial Results for the quarter and six months ended 30th September 2022.
Indore, 04th November 2022: EKI Energy Services Limited (Brand name “EKI-Enking International”), a prominent developer and supplier of carbon credits across the globe, today announced its Financial Results for the quarter and six months ended 30th September 2022.
Revenue from Operations*
Rs. 957.6 Cr
EBITDA*
Rs. 272.9 Cr
Profit After Tax*
Rs. 202.6 Cr
*For H1 FY23
Particulars (Rs. Cr) | Standalone | Consolidated | ||||||
H1 FY23 | H1 FY22 | Y-o-Y | Q2 FY23 | Q2 FY22 | Y-o-Y | H1 FY23 | Q2 FY23 | |
Total Revenues | 957.6 | 636.8 | 50.40% | 449.5 | 443.5 | 1.40% | 970.1 | 460.4 |
EBITDA | 272.9 | 156.5 | 74.30% | 129.9 | 108.7 | 19.50% | 288.5 | 143.0 |
EBITDA Margin (%) | 28.50% | 24.60% |
| 28.90% | 24.50% |
| 29.74% | 31.07% |
Profit After Tax | 202.6 | 116.9 | 73.30% | 95.6 | 81.2 | 17.70% | 215.0 | 106.1 |
PAT Margin (%) | 21.20% | 18.40% |
| 21.30% | 18.30% |
| 22.17% | 23.05% |
Key Highlights
Mr. Manish Dabkara, Chairman & MD – EKI Energy Services Ltd. (EKI), said, “Our strong performance is a result of our consistent and focused service delivery with an ardent dream to rehabilitate the planet. I would like to thank my entire team of climate warriors at EKI for showing so much resilience especially in the current times of global uncertainties. We promise to continue aiming for newer milestones and impactful climate interventions empowering the global climate change journey to a greener, safer tomorrow.”
EKI has now become first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. EKI will soon become the first ever to generate International Plastic Credits for collecting and recycling plastic waste in the country through the project.
EKI Energy Services Ltd. has partnered with ICAM (Impact Capital Asset Management Pte. Ltd.) to launch a Rs. 1000 crores (USD 125 million) Climate Impact Fund to develop GHG mitigation projects across the globe. EKI will invest up to Rs. 200 crores (25 million USD) as an anchor investor in the fund with a deep focus on community development. This venture will ensure the long-term sustainable supply of quality carbon credits as well as place the company in global climate finance market.
As the country’s domestic carbon market gears up for a revolution, EKI has been closely working with Govt. and regulatory bodies for constructive recommendations. The company is now part of a strategic industry alliance of eminent stakeholders from the realm of climate change in India – Carbon Markets Association of India (“CMAI”). Established at an opportune time as the market gears up for a revolution with the Energy Conservation Act 2022 likely to come into effect soon, the association aims to work across sectors to bring together an entire ecosystem that focuses on India’s net-zero growth. EKI’s Chairman & MD – Mr. Manish Dabkara is the first President elect of the association. For more details, log on to http://cma-india.in/ .
The company’s subsidiary – GHG Reduction Technologies Pvt. Ltd. that was established earlier this year for the end-to-end management of its green cooking initiative has completed the capacity expansion to achieve one of the highest production capacities in domestic and international market. The company’s manufacturing plant, located in Nashik, now, has a capacity to manufacture up to 5 million improved cook stoves (ICS) per year, the highest ever in the biomass category. This will help EKI to generate more carbon credits from community-based projects that enable nature restoration along with community upliftment.
With its deep expertise of over 14 years, across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives, EKI continues to offer strategic solutions enabling businesses across the world to fast track their climate ambition(s).
For more details, log on to www.enkingint.org
About EKI Energy Services Ltd: EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to lists a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3000+ clients across 40+ countries worldwide. As on date, EKI has supplied over 180+ million offsets.
EKI Energy Services Ltd | Investor Relations: Orient Capital |
CIN: L74200MP2011PLC025904 | Mr. Bhavin Soni +91 98335 37225 |
Name: Ms Itisha Sahu | |
Email: cs@enkingint.org | Mr. Ashish Chovatia ashish.chovatia@linkintime.co.in +91 99300 44680 |
Contact: +91 0731- 4289086 |
Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company’s operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
Indore, October 27, 2022: Leading developer and supplier of carbon credits across the globe – EKI Energy Services Ltd., today announced that it has joined hands with a leading environmental professional firm – First Source Energy India Pvt. Ltd. and its promoter and promoter group, to establish a first-of-its kind joint venture that will play a pivotal role in India’s climate change industry as the country’s first ever Climate EdTech as well as Climate Finance Marketplace.
Enters into a 50:50 partnership with First Source Energy India Pvt. Ltd. and its promoter to launch India’s first ever Climate EdTech as well as Climate Finance Marketplace
Ø The joint venture entity will be incorporated as “ClimaCool Projects & EduTech Ltd”
Ø The entity will drive focused educational initiatives while also mobilising funds from global markets for sustainable climate projects across the globe
Ø The entity will drive focused initiatives for community enabling weaker sections of the society to access clean technologies that are also energy efficient like green cooking through Improved Cook Stoves (ICS), water filters and LED Bulbs in remote locations globally
Ø The entity will also offer professional training, education and certified courses on climate change and sustainability with specialization across a range of climate subjects including carbon market, carbon accounting, carbon credits, climate finance, renewable energy, electric vehicle, green hydrogen, ESG, net-zero amongst others
Indore, October 27, 2022: Leading developer and supplier of carbon credits across the globe – EKI Energy Services Ltd., today announced that it has joined hands with a leading environmental professional firm – First Source Energy India Pvt. Ltd. and its promoter and promoter group, to establish a first-of-its kind joint venture that will play a pivotal role in India’s climate change industry as the country’s first ever Climate EdTech as well as Climate Finance Marketplace.
The joint venture will be named – ClimaCool Projects & EduTech Ltd. and it will facilitate mobilisation of funds to drive investments for strategic climate interventions like – community based projects, sustainability and renewable energy projects amongst others across the globe.
With a deep focus on developing a strong talent pool for the country’s rapidly growing climate change industry, the joint venture will drive focused educational initiatives and offer specialized courses across a range of climate subjects including carbon market, carbon accounting, carbon credits, climate finance, renewable energy, electric vehicle, green hydrogen, ESG, net-zero amongst others.
With a deep focus on community development, the entity will develop projects that will enable rural homes with easy access to basic home needs like cooking solutions, drinking water and lighting solutions that are climate friendly technological advancements. These projects will also strengthen the backward integration of carbon credit supply chain with high quality credits with its GHG (Greenhouse gases) mitigation capabilities.
Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, “As the world continues to speedily progress towards a carbon neutral future, there is an urgent need to develop skilled talent with specialised expertise on climate change. We want to help bridge this gap while also encouraging more and more people to adopt climate change as a career of choice. In line with this, we are delighted to launch our new venture today that will help us to rope the best from the global academia industry to drive the creation of a strong climate talent pool at global level. The venture will also help us to establish carbon finance marketplace to mobilise funds from global markets for investments in strategic climate mitigation projects across the world”.
Mr. Anand Gupta, CMD & CEO, First Source Energy India Pvt. Ltd said “As the Climate Change Movement is propelling the transition to net zero economy faster than ever, we are very excited to have this joint venture with EKI Energy Services Ltd and create a marketplace to drive finance and investments in community based projects, sustainability, renewable energy etc and also to form an EdTech Platform to serve corporates / professionals / students with courses for training and development in the Climate Change Sector”.
The venture will organize EdTech events, workshops and webinars in close consultation with industry leaders and experts to drive focused educational initiatives for professional training and capacity building. The joint venture will provide a platform to aggregate climate dedicated funds from the global market for investments across energy efficient projects.
EKI Energy Services Ltd. is an Indore based carbon credit expert company that has been working in the realm of climate action and offset solutions since the last 14+ years. The company is now also a key member of a strategic alliance of the industry best experts from the realm of carbon credit and climate change industry in India, namely – Carbon Markets Association of India.
With a presence in 16+ countries, EKI is also the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. EKI will soon become the first ever to generate International Plastic Credits for collecting and recycling plastic wastes in the country through the project. For more details, log on to www.enkingint.org
About EKI Energy Services Limited
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3000+ clients across 40+ countries worldwide. As on date, EKI has supplied over 180+ million offsets.
About First Source Energy Pvt Ltd & Its Promoters
First Source Energy Pvt. Ltd. organizes conferences, events, trainings and provides market intelligence, research, trackers amongst others. Its Promoter Mr. Anand Gupta is an industry veteran since 14 years and has been instrumental in Trade, Investments, Knowledge etc in Climate Change Industry with his wealth of Experience, Knowledge, Intelligence, Relationships & Credibility. The company provides in-depth research and analysis on unique insights and transperancy in power generation, clean energy, low carbon technologies, carbon markets to climate change idnsutry stakeholders including – Energy Corporations, Govt, Policy Makers & Regulators, Consultancy & Advisory Firms, Associations, Banking &Financial World. Started from Indore, the business is now spread across Indian Subcontinent, SE Asia, Middle East & Africa.
October 18.2022, India: EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it will invest up to INR 200 crores as part of an INR 1000 crores (125 million USD) climate impact fund that it has launched in partnership with Impact Capital Asset Management Pte. Ltd. (ICAM), a Singapore-based Fund Management company.
EKI Energy Services Ltd. (EKI) launches India’s first ever INR 1000 crores (125 million USD) Climate Impact Fund to develop GHG Mitigation projects in partnership with Impact Capital Asset Management Pte. Ltd. (ICAM), Singapore
EKI will invest up to INR 200 crores (25 million USD) as an anchor investor in the Fund with a deep focus on community development across remote locations in India and select countries in Africa, Asia and LATAM
October 18.2022, India: EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it will invest up to INR 200 crores as part of an INR 1000 crores (125 million USD) climate impact fund that it has launched in partnership with Impact Capital Asset Management Pte. Ltd. (ICAM), a Singapore-based Fund Management company.
The INR 1000 crores (125 million USD) fund is India’s first ever climate impact fund. EKI will invest up to INR 200 crores in a phased manner in this fund with an aim to empower GHG Mitigation projects across the country and internationally. The Fund will specifically focus on high impact community development projects such as clean cooking through large scale deployment of energy efficient improved cook stoves (ICS), access to clean drinking water through water filtration systems and energy-saving lighting solutions like LED Bulbs and waste management amongst others, to meet its objectives of improving lives while also greening the planet.
This initiative will enhance EKI’s global reach and strengthen its network of global clientele. The projects would generate high quality carbon credits for its investors by delivering significant emission reductions, which, the investors can use to offset their own carbon emissions subject to the local law or earn monetary benefits by selling the carbon credits in different carbon markets like CORSIA, domestic emission trading scheme, Article 6.2 / Article 6.4 of Paris Agreement, international voluntary markets subjected to relevant host country approvals. Geographically, the projects will be deployed across remote locations in India and select countries in Africa, Asia and LATAM.
Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, “The world is fast striding towards a net-zero future. We, as climate warriors want to empower this journey with focused investments in climate projects globally. We also want to strengthen our focus on community development. We are delighted to take a significant and concrete step forward toward ensuring increased climate mitigation in India and other parts of the world. We promise to continue developing projects that address larger community issues while also enabling nature restoration”.
Mr. Deepak Mawandia, Founder & CEO – ICAM, said “Focussed on the Planet, its People and Profit (for investors and stakeholders), at ICAM, we are delighted to be partnering with EKI Energy Services Ltd., the leading player globally in the Climate Change/Carbon Offset development space. We look forward to collectively doing our bit to address the challenges of Climate Change by leveraging on our experience to accelerate investments into high impact GHG mitigation and community upliftment projects and initiatives while delivering superior and sustainable risk adjusted returns for our investors”.
EKI offers climate change and sustainability solutions to businesses to help them achieve their carbon neutrality goals. The company provides consultancy/advisory services for the end-to-end management of carbon assets including carbon credit generation, supply, monetization, and offsetting.
Community upliftment has been a core focus area for EKI. In line with this, the company launched its Green Cooking initiative in 2018 to replace the inefficient traditional mud/three stone fire cook stoves with improved cookstoves that are safer and fuel efficient in India. EKI empowers rural homes globally through this initiative. The company has also established a subsidiary – GHG Reductions Technologies Pvt. Ltd. for the end-to-end management of the initiative starting from manufacturing to the distribution of the improved cookstoves. The company recently announced that its manufacturing plant, located in Nashik, now, has a capacity to manufacture 5 million improved cookstoves per year, the highest ever in the biomass category.
In addition to improved cookstoves, the company also has a strong focus on GHG mitigation projects that contribute towards community development and upliftment. These projects include LED projects, water filters and Nature-based Solutions (NBS).
With a presence in 16+ countries, EKI is also the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. EKI will soon become the first ever to generate International Plastic Credits for collecting and recycling plastic waste in the country through the project. For more details, log on to www.enkingint.org or write to us at business@enkingint.org
Indore, October 10, 2022: Leading developer and supplier of carbon credits across the globe – EKI Energy Services Ltd. today restated that India will not witness any ban for the export of its surplus carbon credits. The announcement comes in the backdrop of a clarification by the country’s Minister for Power and New & Renewable Energy – Shri RK Singh.
EKI Energy Services Ltd. reiterates that India will continue to export carbon credits globally without any restriction or ban
Ø EKI has confirmed the development in the backdrop of a clarification by Shri R.K Singh – Minister of Power and New & Renewable Energy, Govt. of India, that the surplus carbon credits from the country will continue to be exported worldwide
Ø The move will ensure continued stability as the Domestic Carbon Market gears up for a revolution with the development of the National ETS under the EC Act 2022
Indore, October 10, 2022: Leading developer and supplier of carbon credits across the globe – EKI Energy Services Ltd. today restated that India will not witness any ban for the export of its surplus carbon credits. The announcement comes in the backdrop of a clarification by the country’s Minister for Power and New & Renewable Energy – Shri RK Singh.
The export of carbon credits from India to International markets ensures a strong influx of climate finance to India, which is used for climate action initiatives across the country for carbon reduction projects and interventions. This, along with all the other amendments proposed to the EC Act 2022 that are expected to get final approvals by Rajya Sabha [Upper House of Indian Parliament] & President of India by the end of this year, will enable a faster progression for India’s journey to become net-zero by 2070 as committed at COP26.
Speaking to media on the sidelines of the curtain raiser event for the Fifth Assembly of the International Solar Alliance, the Minister said, “We are not looking to ban carbon credits. The ban will only be up to the extent required for our own NDCs [Nationally Determined Contributions]”. He added, “The carbon credits that go to make up our own NDCs we would want to keep for ourselves and anything beyond that can be sold anywhere in the world. Other countries can look forward to huge quantities of carbon credits being available in India”.
Mr. Manish Dabkara, CMD & CEO of EKI Energy Services Ltd. said, “We are happy to hear that this matter finally has greater clarity by the Minister himself. Carbon credits and its trade is an imperative and integral part of any climate positive plans given its capabilities to control GHG emissions. This clarification will enable the entire industry ecosystem to continue its efforts towards strengthening the country’s domestic market with a steady supply of credits that will further accelerate India’s journey to a carbon neutral future and pave the way for the market to unlock new potentials and unleash a new era of environmental activism in India”.
The development reiterates the clarification that EKI Energy Services Ltd. had issued in August 2022, confirming that there will be zero restrictions on the sale of carbon credits developed in India to International global voluntary markets. As for Article 6 carbon credits, greater clarity is expected post the COP27 meeting in the coming month.
The country’s carbon market is all set for a revolution. The Energy Conservation [EC] Act 2022 will bring fair play and increased transparency, enabling all stakeholders with equal opportunities. With the implementation of the National ETS, the domestic carbon credits market will enable the development higher quality sources of carbon credits, benefitting both buyers and sellers and ultimately, supporting progress toward a low-carbon future.
EKI Energy Services Ltd. is an Indore based carbon credit expert company that has been working in the realm of climate action and offset solutions since the last 14+ years. The company enables climate projects across India and abroad in 16+ nations to generate credits for their contribution in reducing carbon from the atmosphere. EKI empowers climate projects to seamlessly generate additional revenues through climate finance. EKI is also the first ever company to lists a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. The company will soon become the first ever to generate International Plastic Credits for collecting and recycling plastic wastes in the country through the project. For more details, log on to www.enkingint.org
September 27,2022, India: EKI Energy Services Ltd., a leading developer and supplier of carbon credits across the globe, today announced that its subsidiary – GHG Reduction Technologies Pvt. Ltd., has completed the capacity expansion to achieve one of the highest production capacities in the world.
EKI Energy Services Ltd.’s (EKIESL) subsidiary – GHG Reduction Technologies Pvt. Ltd. achieves a major milestone with one of the highest per annum production capacities in the world
September 27,2022, India: EKI Energy Services Ltd., a leading developer and supplier of carbon credits across the globe, today announced that its subsidiary – GHG Reduction Technologies Pvt. Ltd., has completed the capacity expansion to achieve one of the highest production capacities in the world.
The company’s manufacturing plant, located in Nashik, now, has a capacity to manufacture 5 million improved cookstoves per year, the highest ever in the biomass category. These improved cookstoves are being supplied for the clean cooking projects of major oil and gas players across the globe.
The company aims to empower rural households globally with an efficient, safer, cleaner and healthier cooking solution. Branded ‘Agneeka’, the improved cookstoves, are being manufactured and deployed in a phased manner starting with villages in India and spreading across remote locations in other countries.
Mr. Pankaj Pandey, Head – Community-based Projects, EKI Energy Services Ltd. (EKIESL) said, “We are extremely excited about the milestone achievement. We, at EKI, have a deep focus on community upliftment and aim to empower rural households globally with improved cookstoves while enabling strong climate action. We promise to continue enhancing our sustainability services, benefitting a larger section of society and expand our area of operations with a target to reach remote locations in other countries too. The aim is to steer the planet to net-zero while empowering communities.”
EKI Energy Services Ltd launched the Green Cooking initiative in 2018 under its sustainable initiatives with an aim to empower economically weaker households globally with improved cookstoves absolutely free of cost. Each improved cookstove provided by EKI is 30% more efficient than traditional mud/three-stone fire cookstoves and enables a 45-55% reduction in the consumption of firewood as fuel.
The green cooking initiative also aligns with the Sustainable Development Goals (SDGs) of the UN with its added benefits of reduction of environmental pollution, reduction of deforestation, health benefits to villagers, biodiversity conservation and generation of employment. Additionally, it reduces drudgery to women who travel long distances to collect fuel wood, improves the overall health of people living in and around the vicinity of inefficient cookstoves, especially women and ultimately results in women empowerment.
GHG Reductions Technologies Pvt. Ltd. was established earlier this year as a subsidiary for strengthening the backward integration of the carbon credit supply chain and for the end-to-end management of the green cooking initiative starting from manufacturing to the distribution of the improved cookstoves. The subsidiary operates from 27000 square feet of state-of-the-art plant in Nashik, Maharashtra and has generated employment for over 500 people.
Indore, September 13, 2022: EKI Energy Services Ltd. (EKI), a leading carbon developer and supplier across the globe, today announced that it has become the first ever company to lists a Plastic Project from India under a global accreditation standard.
EKI Energy Services Ltd. (EKI) lists India’s first Plastic Project
Indore, September 13, 2022: EKI Energy Services Ltd. (EKI), a leading carbon developer and supplier across the globe, today announced that it has become the first ever company to lists a Plastic Project from India under a global accreditation standard.
With this, the Indore based carbon credit expert that has been working in the realm of climate action and offset solutions since the last 14 years across 16 countries, has become the first ever to list a Plastic Project from the country with an aim to generate India’s first ever International Plastic Credits.
The project ensures that plastic waste – predominantly Polyethylene Terephthalate (PET) waste, PET flakes and chips is duly sourced and recycled to produce Recycled Polyester Staple Fibre (RPSF) that can be further used in the textile industry for garments and other fabric based utility products.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. (EKI) said, “Today, majority of the plastic waste in the country end up either in landfills or is burnt, both of which leak toxic and poisonous chemicals into the environment, adversely affecting the climate. A structured plastic project enables this waste to be collected and recycled in a safe manner, enabling the waste to be transformed into safe to use fabric. As we are empowering such projects to get listed and consequently generate additional revenues, it will inspire many more projects in the country to scale their recycling activities in a structured manner for Plastic Credits Finance that can facilitate and promote greater climate action. Such a value chain will also empower all stakeholders of the collection and recycling process – starting from the rag pickers to recycling facilities. We are delighted to enable the plastic industry in this quest to increasingly contribute to climate action”.
The plastic project has been listed under the Plastic Waste Reduction Standard of Verra – the Washington based accreditation that is a cornerstone standard globally for the implementation of various climate projects. Verra enabled the listing of plastic projects a year back and today EKI has become the first company to accomplish this milestone of listing India’s first ever-plastic project for plastic waste mitigation certifications. For more information, click here: https://verra.org/.
EKI continues to enable climate projects across India to generate credits for their contribution in reducing carbon from the atmosphere. With its global leadership and deep expertise, EKI can empower all projects in the country to seamlessly generate additional revenues through climate finance. EKI offers end-to-end strategic solutions enabling customers to future proof their climate action roadmap and ESG mandates. With a step-by-step guide to enable this transition and journey to net-zero, EKI offers a comprehensive bouquet of solutions enabling organizations across the world to fast track their climate ambition(s). EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. For more details, log on to www.enkingint.org
Indore, September 1 2022: EKI Energy Services Ltd. (EKI), a leading carbon credit developer and supplier across the globe, today announced that further enhancing its leadership as the most trusted partner for the end-to-end management of smart city projects in the country, the company has bagged the consultancy services contract of Varanasi Smart City.
EKI Energy Services Ltd. (EKI) on boarded by Varanasi Smart City as its climate partner
Indore, September 1 2022: EKI Energy Services Ltd. (EKI), a leading carbon credit developer and supplier across the globe, today announced that further enhancing its leadership as the most trusted partner for the end-to-end management of smart city projects in the country, the company has bagged the consultancy services contract of Varanasi Smart City.
Under the contract, EKI will empower Varanasi Smart City to monetize its greenhouse gas (GHG) reduction projects for high quality carbon credits. EKI will enable Varanasi Smart City in the development and management of green projects with the best capabilities for maximum GHG mitigation that will enable Varanasi Smart City to get project accreditations under preeminent international standards including – VCS (Verified Carbon Standard) / GS (Gold Standard) / GCC (Global Carbon Council) / IREC (International – Renewable Energy Certificates) amongst others.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. said, “All of us at team EKI are super proud that as a brand we continue to expand our leadership as the most preferred partner for smart city projects in the country. This win is yet another testimony for our continued commitment to deliver world class services to our partners as we enable them to make their climate projects profitable. We help our partners to realize additional revenues that can be further utilized for increased green project development or other community welfare initiatives in the country. We promise to continue our endeavor to build a sustainable tomorrow as we steer a planet to a net-zero future”.
Dr D Vasudevan, Chief General Manager, Varanasi Smart City Limited said, “EKI is a renowned brand in the realm of carbon credits not only within India but globally. We are happy to on board EKI as our climate project enablers and are confident of their ability to help us manage all our sustainability projects for maximum climate financing with which we can support and fund multiple other welfare and developmental initiatives that we have in Varanasi. We look forward to a long-term association with EKI and to together enable the country to strive ahead in its quest to become net-zero by 2070 as committed at COP26”.
Under the contract, EKI will offer its comprehensive bouquet of strategic consultancy services for the end-to-end management of all the GHG mitigation projects of Varanasi Smart City starting from the feasibility assessment of projects to its validation & registration and finally its verification for the generation of high quality GHG carbon credits that can be monetized in global markets for additional revenues.
EKI continues to enable other smart city projects across the country including the Indore Smart City Development Ltd. (ISCDL), Ujjain Smart City, Visakhapatnam Smart City, Municipal Corporation of Tirupati, Surat Smart City and Bhubaneshwar Smart City.
The company has enabled ISCDL to realize additional revenues of up to Rs. 8.34 crores in FY 2021-22 and also become the only Municipal Corporation in India and Asia to generate carbon finance through its sustainable initiatives. EKI’s advisory services also significantly contributed in ISCDL’s initiatives to establish the city as India’s cleanest city for the fifth year in a row under the rankings by Swachh Survekshan 2021.
Given its global leadership, deep expertise of 14 years and experience with other smart city projects, EKI can easily help replicate its strategic climate solutions and technology interventions across other municipal corporations and smart city missions in the country, enabling them all to reduce their carbon footprint to generate additional revenues from their climate projects.
EKI offers end-to-end strategic solutions enabling customers to future proof their climate action roadmap and ESG mandates. With a step-by-step guide to enable this transition and journey to net-zero, EKI offers a comprehensive bouquet of solutions enabling organizations across the world to fast track their climate ambition(s). EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. For more details, log on to www.enkingint.org
Indore, 29th July 2022: EKI Energy Services Limited (EKI), a leading developer and supplier of carbon credits across the globe, today announced its Financial Results for the first quarter ending 30th June 2022 of FY 2022-23.
Indore (India) July 1, 2022: EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today announced that effective July 4, 2022, the company will complete the migration of its equity shares from the BSE SME platform to BSE Main Board. The company also announced the issuance of bonus shares in the ratio of 3:1 (3 shares as bonus for every 1 existing equity share held).
EKI Energy Services Ltd. to migrate its equity shares from SME to Main Board at BSE
Indore (India) July 1, 2022: EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today announced that effective July 4, 2022, the company will complete the migration of its equity shares from the BSE SME platform to BSE Main Board. The company also announced the issuance of bonus shares in the ratio of 3:1 (3 shares as bonus for every 1 existing equity share held).
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EKI debuted on BSE in April 2021 under the SME segment and witnessed one of the most successful IPO of the year. It is today, the only carbon asset company in the world that is listed on the Stock Exchange.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. said, “We are delighted to achieve this remarkable milestone today and it makes us proud that we have accomplished this within 13 months of first listing on BSE. This movement to the BSE Main Board is yet another proof for our track record as a global market leader and trusted climate partner of clients worldwide. We are honored to be a part of BSE and the fantastic journey we continue to have. We would like to thank BSE for supporting us in our quest to achieve newer heights. We would also like to thank all our stakeholders including our clients, partners, investors, mentors and our dear employees for their continued support and trust in us.”
With a presence in 16 countries and 13+ years of expertise, EKI offers strategic solutions for the end-to-end management of carbon assets with an aim to conserve and restore nature while also enabling community development through sustainable practices. Earlier this year, the company announced its commitment to become net-zero by 2030 in addition to defining a target of mobilizing up to 1 billion credits within the next 5 years (by 2027). For more details, log on to www.enkingint.org
Indore (India) June 15, 2022: EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today, announced that it has ventured into the Republic of Singapore with the constitution of its wholly owned subsidiary – EnKing International Pte Ltd.
EKI Energy Services Ltd. expands global presence, enters the Republic of Singapore with a wholly owned subsidiary – EnKing International Pte Ltd.
The newly constituted subsidiary will further enhance EKI’s leadership in the global Carbon Credits Market
Indore (India) June 15, 2022: EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today, announced that it has ventured into the Republic of Singapore with the constitution of its wholly owned subsidiary – EnKing International Pte Ltd.
The subsidiary will offer climate consultancy and advisory services for carbon asset management through its comprehensive bouquet of sustainable solutions. With this, EKI has strengthened its global footprint and consolidated its leadership in Southeast Asian markets. The company already has a presence in neighboring countries like Thailand, Vietnam, Indonesia and Philippines. EKI will now be able to widen the scope of its services to newer markets and expand further in the region.
Mr. Manish Dabkara, CEO and CMD, EKI Energy Services Ltd. said, “We are extremely delighted to establish our presence here in Singapore – a country of beautiful skylines and immaculate greenery which is immensely affirmative for climate and the planet. We will further enhance climate action in the region with our strategic solutions and help businesses in the country to fast track their climate ambition(s) even as we strengthen our operations in the region. We are now present in 16 countries around the world and are fast expanding our global presence”.
Indore, 17th May 2022: EKI Energy Services Limited (EKI), a premier carbon credit developer and supplier across the globe, announced its Financial Results for the Half Year and Year ended 31st March 2022.
India, April 25, 2022: EKI Energy Services Ltd (EKIESL), a leading developer and supplier of carbon credits across the globe, today, announced a host of strategic plans in preparation for COP27. Charting a new roadmap for the financial year 2022-23 to gear up its continued focus for climate action, EKI unveiled a new brand identity and new brand postioning of ‘Steering the planet to net-zero’. The company also announced its commitment to become net-zero by 2030 in addition to defining a target to mobilize upto 1 billion credits within the next 5 years (by 2027).
India, April 25, 2022: EKI Energy Services Ltd (EKIESL), a leading developer and supplier of carbon credits across the globe, today, announced a host of strategic plans in preparation for COP27.Charting a new roadmap for the financial year 2022-23 to gear up its continued focus for climate action, EKI unveiled a new brand identity and new brand postioning of ‘Steering the planet to net-zero’. The company also announced its commitment to become net-zero by 2030 in addition to defining a target to mobilize upto 1 billion credits within the next 5 years (by 2027).
The company embarked on the enhanced journey today with an aim to ensure that as businesses globally plan their roadmap for FY 22-23, they will take inpsiration from EKI and include definite climate goals and targets for emission reductions and net-zero.
The new identity highlights that brand EKI is gearing up to take the role of being major contributors of climate action as it navigates the world to a greener tomorrow. The new logo reflects this vision by combining green and blue colors of the planet with a leaf at its heart to symbolize its efforts for the restoration of nature across the globe. The zero that is made by the globe and leaf together symbolizes zero for net-zero.
EKI is a carbon neutral company that has been inspiring thousands of businesses across the globe to reduce/offset their emissions through a host of sustainable solutions. With its net-zero commitment, the company will take climate action in India to newer heights by enabling the country to fast-track its stride to its net-zero commitment by the year 2070.
The company’s definitive target to contribute 1 billion credits by 2027 will play a significant role to meet the world’s requirement of 58 billion credits per year to enable temperature capping, which is an urgent and critical measure to save the planet.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. said, “With a deep passion for climate change, we have driven targeted efforts in the last 6 months since COP26. As we plan for this financial year and gear up for COP27 which is about 6 months from now, we want to accelerate climate action to full throttle and step up our strategic efforts manifold. Our renewed commitments will enable us to take greater charge of steering the planet to net-zero even as we create history by becoming a service provider who leads by example to inspire million others in this quest ”.
The brand also unveiled a renewed structure for its service offerings in line with the markey dynamics and unique requirements for urgent climate action. The new business verticals of the company are – (i)Carbon Credit Portfolio Management which includes – Climate Change, Environmental Attributes Certificates and Plastic Solutions; (ii)Environmental Commodity Supply; (iii) Carbon Project investments which includes – Water Filter Projects, LED Projects, Improved Cookstove Projects and NBS Projects; and finally (iv) Net Zero Services & ESG.
In the past 6 months, EKI announced a host of strategic steps with a special focus on contributing to world climate goals and net-zero targets agreed at COP26. The company joined hands with Shell Overseas Investments B.V. (The Netherlands), a unit of Shell plc to launch a subsidiary – Amrut Nature Solutions Pvt Ltd., to drive focused efforts to reduce carbon emissions through Nature based Solutions.The company also launched a sustainability arm with increased focus on uniquely customized climate action plans for companies to help them reduce/offset their carbon emission significantly.
EKI also enhanced its community development project – green cooking initiative and established an associate to strengthen the backward integration of carbon credit supply chain through an end-to-end management of the project. EKI recently also commenced manufacturing the improved cook stoves which have a capability to prevent up to 4000kg of CO2 emissions per year and enable 45-55% reduction in the consumption of firewood as fuel. In addition to these, EKI established offices in Dubai and Switzerland with an aim to strenghten its global presence and leadership for climate action. For more details, log on to www.enkingint.org
Some information on COP27
The 27th session of the Conference of the Parties (COP 27) to the UNFCCC is scheduled to take place 7th – 18th November 2022. Egypt will be the host country thic country and is planning the meet in Sharm El-Sheikh. Egypt plans to make the conference “a radical turning point in international climate efforts in coordination with all parties, for the benefit of Africa and the entire world”. For more, click
April 05, 2022, India: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits in the globe, today announced that its associate – GHG Reduction Technologies Pvt. Ltd. that was established earlier this year has commenced operations of its Nashik plant for the manufacturing of improved cook stoves (ICS).
EKI Energy Services Ltd.’s (EKIESL) associate – GHG Reduction Technologies Pvt. Ltd. inaugurates its Nashik plant, commences manufacturing of its Improved Cook stoves (ICS)
April 05, 2022, India: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits in the globe, today announced that its associate – GHG Reduction Technologies Pvt. Ltd. that was established earlier this year has commenced operations of its Nashik plant for the manufacturing of improved cook stoves (ICS).
Branded ‘Agneeka’, the improved cook stoves will enable rural households across the globe to switch to an efficient cooking solution. The cook stoves will be manufactured and deployed in a phased manner starting with villages in India. The company will soon commence the export of the cook stoves to remote locations in other countries for homes that are still dependent on traditional mud/three stone fire stoves.
The plant has a capacity to manufacture up to 3 million cook stoves per year and the company aims to double this by the end of the current financial year. The plant will also offer employment opportunities to 500+ people, 150 of which will be directly employed at the state-of-the-art plant build over 9000 square feet.
Mr. Pankaj Pandey, Head – Community based Projects, EKI Energy Services Ltd. (EKIESL) said, “Community upliftment is a core focus area for us at team EKIESL. In line with this, we are excited to start manufacturing our cook stoves – Agneeka and empower homes in rural villages across the globe with a healthier and safer cooking alternative that is also eco friendly given its energy efficiency. We are happy that with this we will also offer numerous employment opportunities enabling more people to improve their lives. We promise to continue this vigour to work on projects that enable and empower communities as we help build a sustainable and greener planet”.
GHG Reductions Technologies Pvt. Ltd. was established by EKIESL earlier this year as an associate for strengthening backward integration of carbon credit supply through its green initiatives. Each improved cook stove of EKIESL helps prevent up to 4000kg of CO2 emissions per year. The cookstove is about 30% more efficient than traditional mud/three stone fire cook stoves enabling a 45-55% reduction in the consumption of firewood as fuel.
EKIESL’s Green Cooking initiative is a sustainable community development programme that was launched in 2018. The project also aligns with the Sustainable Development Goals (SDGs) of the UN with its added benefits of reduction of deforestation, reduction of environmental pollution, biodiversity conservation, health benefits to villagers and generation of employment.
Since its inception in 2008, EKIESL has been working towards building a sustainable planet and offers comprehensive bouquet of end-to-end solutions for climate action, enabling companies to achieve their climate goals. For more details on EKIESL’s sustainable climate solutions, click here – https://enkingint.org
Indore: 24th March: EKI Energy Services Ltd (EKI) and Shell Overseas Investments B.V. (The Netherlands), a unit of Shell plc have joined hands to develop Nature-based Solutions (NBS) in India. As a part of their Joint Venture, a company is incorporated with the name Amrut Nature Solutions Pvt Ltd having its registered office in Indore, M.P.
EKI Energy Services Limited and Shell Overseas Investments B.V. float a Joint Venture Company for Nature-based Solutions (NBS) in India
Indore: 24th March: EKI Energy Services Ltd (EKI) and Shell Overseas Investments B.V. (The Netherlands), a unit of Shell plc have joined hands to develop Nature-based Solutions (NBS) in India. As a part of their Joint Venture, a company is incorporated with the name Amrut Nature Solutions Pvt Ltd having its registered office in Indore, M.P.
Amrut is a Sanskrit word that means immortality. With the same goal i.e. to ensure environmental sustainability, Amrut Nature Solutions Pvt Ltd will work towards conservation, restoration, and enhancement of natural ecosystems such as agriculture, forests, wetlands, grasslands, and blue carbon to reduce greenhouse gas emissions while benefitting people and nature.
The Joint Venture will provide consultancy/advisory services to develop NBS projects such as Forests, Sustainable Agriculture, Mangroves amongst others, to generate carbon credits for international voluntary or compliance carbon markets. The JV would follow high-quality standards and prominent GHG mechanisms to quantify and certify the impact they create with its project activities. The projects will not only mitigate greenhouse gases but will also address the societal challenges effectively and simultaneously provide well-being and biodiversity benefits.
Manish Dabkara, CMD & CEO, EKI Energy Services Ltd said, “We, at EKI are glad about our collaboration with Shell as we passionately work towards contributing to India’s climate ambition and building a sustainable future. Through the Joint Venture, we seek to speed India’s net-zero transition and development of a climate resilient economy by enhancing the adoption and execution of Nature-based Solutions while reducing the overall concentration of greenhouse gas in the atmosphere.”
“Shell has been increasingly working with nature to help reduce the overall concentration of greenhouse gases in the atmosphere globally. Through this joint venture – Amrut Nature Solutions and the credible partnership with EKIESL, we look forward to accelerating in the space of Nature-based Solutions in the country. This is yet another step forward in our target towards being a net-zero emissions energvy business by 2050, or sooner in step with society”, said Kazeem Khan, Shell General Manager of Nature-based Solutions.
India, February 10, 2022: EKI Energy Services Limited (EKIESL), a leading developer and supplier of carbon credits in the World, today announced that it has established a stronger presence in Europe with an office in St. Gallen, Switzerland.
EKI Energy Services Ltd. establishes a stronger presence in Europe with an office in Switzerland
The Switzerland branch will enable the company to strengthen its business operations in all of Europe
India, February 10, 2022: EKI Energy Services Limited (EKIESL), a leading developer and supplier of carbon credits in the World, today announced that it has established a stronger presence in Europe with an office in St. Gallen, Switzerland.
With this, the company will expand its footprint and business operations across all of Europe servicing clients in the region with a comprehensive bouquet of best–in-class climate solutions. The company will now deliver services in both the compliance and voluntary carbon markets across Europe.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. (EKIESL) said, “Continuing our aggressive global expansion plans, we are delighted to establish our presence in the mesmerizing alpines of Switzerland. We are excited to join hands with companies here and empower their climate journey. The new office will also help us to set foot into newer markets in Europe and further enhance our leadership in the global carbon markets”.
EKIESL has a wide global presence with offices worldwide including countries like Dubai, Turkey, South Africa amongst others. The company services 2500+ clients across 40+ countries with its turnkey solutions for carbon asset management enabling organizations worldwide to reduce or offset their carbon footprint. For more details on EKIESL, visit https://enkingint.org
India, February 9, 2022: EKI Energy Services Limited (EKIESL), a leading developer and supplier of carbon credit in the World today announced the appointment of Mr. Pankaj Pandey as the Head of its Community based Projects.
EKI Energy Services Ltd. appoints Pankaj Pandey as Head of Community based Projects
India, February 9, 2022: EKI Energy Services Limited (EKIESL), a leading developer and supplier of carbon credit in the World today announced the appointment of Mr. Pankaj Pandey as the Head of its Community based Projects.
His appointment is part of the company’s strategic plan to increase its focus on community upliftment projects that empower the society at large with an enhanced quality of life. In this role, Mr. Pandey will lead the company to newer heights in its plans to expand the reach of its community development initiatives like green cooking and other environment & community friendly projects.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. (EKIESL) said, “I am truly happy to welcome Pankaj to the EKIESL family as we continue to expand our leadership team with industry best climate experts. With Pankaj onboard, we will be able to fast-track our community development plans to ensure an inclusive growth for everyone as an important aspect of building a sustainable tomorrow. I wish Pankaj the very best for his journey with us”.
Mr. Pankaj Pandey, Head – Community based Projects, EKI Energy Services Ltd. (EKIESL) said, “I am delighted to join this team of passionate climate enthusiasts and positively contribute to climate action. The work that the company is doing for community upliftment is really commendable and I am all geared up to innovate more such projects that offer multiple social and economic benefits and offer sustainable community development ”.
Pankaj Pandey comes with about 15 years of experience and specializes in the implementation of robust sales strategies, effective pricing and excellent client relationship management that can enhance a company’s reach and market share. He has joined EKIESL from CG Power & Industrial Solutions Ltd. (erstwhile Crompton Greaves).
Introduced in 2018, EKIESL’s Green Cooking initiative is a sustainable community development programme that provides efficient cook stoves free of cost to economically weaker families in remote locations across the globe. EKEISL recently announced the incorporation of a new associate – GHG Reduction Technologies Pvt. Ltd. for the backward integration of carbon credit supply through thisinitiative, further enhancing the company’s leadership in the global carbon markets as a brand that offers end-to-end management of carbon credit generation and supply.
Since its inception in 2008, EKIESL has been working towards building a sustainable planet and offers comprehensive bouquet of end-to-end solutions for climate actions, enabling companies to achieve their climate goals. For more details on EKIESL’s sustainable solutions, click here – https://enkingint.org
India, February 3, 2022: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits in the World, today announced the launch of a new arm for its Sustainability Services.
EKI Energy Services Ltd. (EKIESL) launches new arm for
Sustainability Services
· Revamps its team for the business arm as part of a strategic step to enhance its service offerings
· With a comprehensive bouquet of services that can be customized for every client, the new business arm will offer end-to-end climate solutions
India, February 3, 2022: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits in the World, today announced the launch of a new arm for its Sustainability Services.
Established after a detailed research on the unique climate compliance requirements of companies today, the new business arm will offer an exhaustive bouquet of strategic solutions such as ESG frameworks, Green Ratings & Credentials and Climate Advisory amongst others, that will enable companies to fast-track their climate goals. The new Sustainability Service arm will offer specialized and customized solutions to companies across all business sectors including start-ups, corporates, Govt. bodies and business conglomerates amongst others across the globe.
The company has also established a new team who will together enhance the service delivery of the sustainable solutions to clients with an aim to drive client satisfaction like never before. EKIESL’s recently appointed Head of Business Development – Mr. Navin Mathur will be leading the new arm with his deep sector knowledge and vast experience.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. said, “Today, even though every activity that an organization undertakes leaves a carbon footprint, climate compliance continues to be a largely voluntary practice by companies. Most organizations are therefore not able to even gauge the adverse effect of their business activities on climate. As climate evangelists, we strongly recommend that it is time every company understood their climate obligations. We have set up this new business arm with this strategic thought process and we aim to first educate companies on the importance on being climate conscious and then onboard them to adopt sustainable practices. With our sustainability services arm, we plan to enable as many companies as possible to become climate action heroes.”
As part of its revamped offerings, the new business arm will design customized strategic roadmaps with definitive goals and also enable companies to align their ESG and climate goals to global standards and policy guidelines. With EKIESL’s customized reporting and tracking, companies will now be able to measure their real-time progress.
EKIESL’s sustainability service offerings include – ESG disclosures & reporting that can help companies to fast-track their climate goals and achieve higher ESG scores; Green Ratings, credentials and certifications from National and global institutions; Climate change mitigation and Environmental Sustainability Services; GHG Management Systems & Framework and Customized Training Programs and Webinars on all compliance requirements for climate actions.
For more details on EKIESL’s sustainable solutions, click here – https://enkingint.org
India, January 27, 2022: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits in the World, today announced that it has won a tender from Indore Smart City Development Limited (ISCDL), a “Special Purpose Vehicle” (SPV) formed under the Smart City Mission of the Govt. of India.
EKI Energy Services Ltd. bags contract as carbon credit service provider from Indore Smart City Development Ltd. (ISCDL) for the latter’s aggregator business model
India, January 27, 2022: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits in the World, today announced that it has won a tender from Indore Smart City Development Limited (ISCDL), a “Special Purpose Vehicle” (SPV) formed under the Smart City Mission of the Govt. of India.
As part of the contract, EKIESL will offer a comprehensive bouquet of end-to-end consulting services for carbon credit solutions to ISCDL. With this, EKIESL will enable ISCDL to elevate its aggregator business model through which it offers sustainable solutions to urban and rural governance bodies enabling other smart cities to become climate compliant.
With the help of EKIESL, Indore Smart City Development Ltd. will also be able to monetize emission reductions and realize additional revenue which it can use to support and fund its multiple welfare and developmental initiatives. Consequently, local bodies of other cities who join hands with ISCDL will also be able to monetize their climate initiatives.
EKIESL will offer its sustainable and profitable solutions for greenhouse gas (GHG) mitigation including – validation and registration of projects eligible for carbon credits, verification of the projects in compliance with the guidelines followed by International Carbon Credit Mechanisms and finally monetization of the carbon credits.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. said, “This second contract that we have won from ISDCL is a testament for our commendable trajectory of consistently delivering state-of-the-art climate solutions. We are really excited and would like to thank the Govt. for trusting us yet again as their preferred partner. This win has enhanced our leadership as a climate change expert both Nationally as well as globally. All of us at team EKIESL are geared up continue offering our strategic solutions for mitigation and emission reduction”.
Mr Sunil Dubey, Executive Engineer, Indore Smart City Development Ltd.(ISCDL) said “We have a strong ongoing relationship with EKI Energy Services Ltd. since the last three years. Their strong performance and phenomenal service offerings have enabled us to fast-track our green initiatives and also monetize them for additional funds to support other projects. We are happy to extend our partnership with EKIESL as our climate finance enablers and together work towards the common goal of making the environment safer”.
EKIESL offers ISCDL an extensive bouquet of strategic technologies and solutions for monetization of its numerous green initiatives including – Compost formation, Biomethanation, Energy Efficient Lighting, Sewage Treatment Plant, Retrofitting fossil fuel driven Buses to run on CNG, Electric Vehicles and Charging Stations, Forestation activities, Bio-remediation of legacy waste, decentralized composting initiatives etc. EKIESL can easily replicate these technology interventions for other municipal corporations and companies enabling them to reduce their carbon footprint and also generate an additional revenue source.
Under its ongoing contract, EKIESL enabled ISCDL to realize additional revenues of up to Rs. 8.34 crores in the current financial year. EKIESL also enabled ISCDL to become the only Municipal Corporation in India and Asia to generate carbon finance through its sustainable initiatives. EKIESL’s advisory services for climate solution adoptions also significantly contributed in ISCDL’s initiatives to establish the city as India’s cleanest city for the fifth year in a row under the rankings by Swachh Survekshan 2021.
The company has also helped ISCDL to register its project under VCS (Verified Carbon Standard, USA) making it the first Asian Municipal body to have its sustainable projects registered under VCS.
With an aim to build a sustainable planet, EKIESL offers a comprehensive bouquet of end-to-end solutions for climate actions, enabling companies to achieve their climate goals. The company recently expanded its global footprint with an establishment in Dubai. EKIESL recently also entered into a partnership with Shell Overseas Investments B.V. (a unit of Royal Dutch Shell plc) to launch a joint venture to work on reducing carbon emissions in India through Nature based solutions.
The company recently also announced the incorporation of a new associate – GHG Reduction Technologies Pvt. Limited. for the backward integration of carbon credit supply through its Green Cooking initiative. The new company will oversee the end-to-end management of carbon credit supply chain in a phased manner.
January 7 , 2022, India: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits (environmental commodity) in the World, today announced the incorporation of a new associate –GHG Mitigation Technologies Pvt. Ltd. The new company will oversee end-to-end management of the carbon offset supply chain in a phased manner.
EKI Energy Services Ltd.(EKIESL) incorporates new venture –GHG Mitigation Technologies Pvt. Ltd., for the backward integration of carbon credit supply through its Green Cooking initiative
January 7 , 2022, India: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits (environmental commodity) in the World, today announced the incorporation of a new associate –GHG Mitigation Technologies Pvt. Ltd. The new company will oversee end-to-end management of the carbon offset supply chain in a phased manner.
GHG Mitigation Technologies Pvt. Ltd. will manage the backward integration of carbon credit supply chain through EKIESL’s community development project – Green Cooking initiative that replaces traditional inefficient mud stoves with improved cook stoves across rural households globally. In the first phase, it will manage the manufacturing and distribution of improved cook stoves. Over the subsequent phases, the associate will oversee & manage the generation and supply of carbon credits to companies across the world in close consultation with EKIESL.
This will enable EKIESL to achieve newer heights as a leader in the carbon markets which offers a diversified and comprehensive bouquet of end-to-end solutions for climate action and carbon offset.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. said, “As a brand, we are consistently innovating to develop sustainable solutions to mitigate carbon emissions on the planet. The new company is a strategic step in this direction that will enable us to holistically manage the backward integration of carbon credits. We plan to first generate credits through the cook stoves and then supply it to companies globally to achieve their climate ambitions. With the strategic management of the carbon credit supply chain, we will now be able to further enhance our leadership position in the global carbon markets”.
The new group company will be co-owned by EKIESL with a 49.5% stake and remaining held by corporate/individual investors. It will beregistered with Indore (MP ROC) and will have its manufacturing unit in Nashik, Maharashtra.
Introduced in 2018, EKIESL’s Green Cooking initiative is a sustainable community development program that provides efficient cook stoves free of cost to economically weaker families in remote locations across the globe. Efficient cook stoves are not only environmentally safer given itsreduced emission of greenhouse gases, but they also offer numerous social and economic benefits that align with multiple UN Sustainable Development Goals (SDGs) including – climate action, reduction in firewood consumption, forest and biodiversity conservation, good health & well being, employment creation, savings in health cost, enhancement of indoor air quality inside homes amongst others.
EKIESL has given out over 80,000 cook stoves as on date and plans to scale the initiative to 2.5 million cook stoves in the next six months which can help offset millions of metric tons of carbon footprint.
Since its inception in 2008, EKIESL has been working towards building a sustainable planet and offers comprehensive bouquet of end-to-end solutions for climate actions,enabling companies to achieve their climate goals. The company recently joined hands with Shell Overseas Investments BV (a unit of Royal Dutch Shell plc) to launch a joint venture to work on reducing carbon emissions in India through Nature based solutions.
EKI Energy Services Ltd and Shell Overseas Investments BV, a unit of Royal Dutch Shell plc, on Friday signed an agreement to set up a joint venture to work on nature-based solutions in India.
World’s premier carbon credit developer and supplier, EKI Energy Services Limited has announced that it has established its presence in Dubai, the business hub of Western Asia. Expanding its footprint in the global carbon market, EKI has incorporated a wholly owned subsidiary company named – “EnKing International FZCO (“The Company”)” in Dubai free zone (IFAZA).
Mr. Manish Dabkara (CMD & CEO at #EnKingInternational) shared views on #COP26 & #NetZero pledge at @Newsx in a panel discussion with Mr. Deepak Vohra – Ambassador, Mr. Madhav Nalapat & Ms. Shubhra Mohanka
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INDORE, India, Nov. 4, 2020 /PRNewswire/ — With changing times, the market trends of all sectors are changing. Recent surveys reveal a new shift of market trends towards energy efficiency and it has became a new normal with thrust provided by the government awareness programmes, schemes and rating mechanisms. One such rating is ESCO (Energy Services Company) rating provided by Bureau of Energy Efficiency, Ministry of Power, Government of India…Read more
INDORE, India, March 21, 2020 /PRNewswire/ — EnKing International is one of the 15 winners in the auction who paid $0.30 for the right to sell a carbon credit to the PAF at a good price. The World Bank Group auctioned $8.25 million of climate funds on March 3rd, 2020, and this could lead to a reduction of the equivalent of 4.2 million tons of carbon dioxide emissions by the end of 2020. Twenty-one companies took part in a pilot online auction for the right to sell carbon credits….Read more
INDORE, India, Dec. 6, 2019 /PRNewswire/ — EKI Energy Services Limited, which was awarded the tender for sustainable city projects in the Smart City Indore initiative, has proven itself as a promising service provider with its experience and expertise. Smart City Indore is an initiative launched by Indore Municipal Corporation, which includes the participation of residents to qualify Indore to the Smart City Mission, launched by the Government of India….Read more
Indore, Madhya Pradesh, India:
CDP runs the global environmental disclosure system, each year it supports thousands of companies, cities, states and regions to measure and manage their risks and opportunities on climate change, deforestation and water security. CDP provides a platform to above-mentioned entities to disclose their project details and associated climate risks….Read more
By Chemindigest | April 28, 2025
In a landmark step toward decarbonising key industrial sectors, the Ministry of Environment, Forest and Climate Change (MoEFCC) has released a draft notification to operationalise India’s first compliance-based carbon market. The move is part of the government’s broader push to lower industrial emissions and meet its international climate commitments.
By Silicon India | April 28, 2025
In a pivotal step towards reducing emissions in high-polluting industries, The Ministry of Environment, Forest and Climate Change (MoEFCC) has released a draft notification to create India’s inaugural compliance-based domestic carbon market. This initiative, part of the Carbon Credit Trading Scheme (CCTS) of 2023, aims to promote the adoption of low-carbon technologies within industries and align with the nation’s broader climate objectives.
By AL circle | April 22, 2025
In a significant move towards achieving India’s climate goals, the Ministry of Environment, Forests and Climate Change (MoEFCC) has set greenhouse gas (GHG) emission intensity targets for individual companies across four key industrial sectors—aluminium, cement, chlor-alkali, and paper. This landmark initiative marks a shift towards sector-specific accountability and data-driven climate action.
By Hindu Business Line | April 22, 2025
The Ministry of Environment, Forests and Climate Change (MoEFCC) has announced greenhouse gas emission intensity targets, specific to individual companies, in four sectors – aluminium, cement, chlor-alkali and paper.
By New Indian Express | April 23, 2025
In a significant move towards decarbonising high-emission industries, the Ministry of Environment, Forest and Climate Change (MoEFCC) has issued a draft notification to establish India’s first compliance-based domestic carbon market.
By Sustainability Next | April 17, 2025
With the approval of the offset mechanism, India’s carbon market is no longer theoretical—it’s beginning to take operational shape. The approval of the Offset Mechanism is not just an administrative milestone, but a gateway to accelerating private-sector participation in climate action. If implemented well, it will do more than reduce emissions: it will channel finance into the hands of those making real changes on the ground.
By The Hindu Business Line | April 9, 2025
EKI Energy Services, a developer and supplier of carbon credits in international carbon markets, has announced a strategic investment in Chennai-based Tvasta Manufacturing Solutions. Originally incubated in IIT-Madras, Tvasta is company specialising in research, design, and manufacturing through additive manufacturing (3D printing) technology…
By The Week | April 9, 2025
New Delhi, Apr 9 (PTI) Carbon credit developer and supplier EKI Energy Services (EKI) has bagged consultancy work for Varanasi Smart City Bio-Conversion Project.
By ET Energy World | April 9, 2025
New Delhi: The Varanasi Smart City Bio-Conversion Project is expected to reduce .
By Indian Express| March 24, 2025
The biggest climate conference in the world, the 29th Conference of Parties (COP29) concluded as a rather uneventful affair in Baku, Azerbaijan, except for the long-awaited adoption of Article 6 after a decade of negotiations.
By EVolution India| March 20, 2025
EKI envisions a net-zero world where sustainability is integral to all human activities, and technological advancements harmoniously coexist with environmental preservation. The company believes that by leading through example and empowering communities to take collective positive actions, a low-carbon, sustainable world can be achieved, says Manish Dabkara, Chairman and Managing Director, EKI Energy Services and President Carbon Markets Association of India in an interview with EVolution Auto India.
By Renewable Watch | Feb 4, 2025
The union budget 2025-26 has introduced a series of measures – spanning power sector reforms, nuclear energy development, clean technology manufacturing, lithium-ion battery production, and tariff reductions, alongside a significant increase in budgetary allocations for the Ministry of Power and the Ministry of New and Renewable Energy. Reflecting these priorities, the budget allocated Rs 218.47 billion for the Ministry of Power and Rs 265.49 billion for New and Renewable Energy for 2025-26, marking a significant increase from the previous year. Renewable Watch provides edited excerpts of budget reactions by industry executives working in the power sector….
By Outlook Business | Feb 3, 2025
If the budget’s climate ambitions are to be fully realised, the government must recognise the importance of carbon markets in accelerating the nation’s net-zero transition
By The Economic Times | Feb 1, 2025
The budget’s emphasis on green transition strengthens India’s role as a clean energy leader, focusing on renewable energy sources, manufacturing, and infrastructure. Industry leaders commend initiatives for wind, solar, storage, and high-voltage transmission equipment, coupled with investments in nuclear energy and AI-driven innovation, to drive economic growth and decarbonization goals.
By Money Control | Feb 1, 2025
India’s Union Budget 2025 signals a strong commitment to sustainability by prioritising renewable energy, industrial decarbonisation, and clean technology manufacturing. These initiatives align with the Paris Agreement, supporting India’s Nationally Determined Contributions (NDCs) with a short-term target for 2030 and a long-term goal for net-zero emissions by 2070.
By Fortune | Feb 1, 2025
Union Finance Minister Nirmala Sitharaman kickstarted private sector participation in civil nuclear development by announcing a Nuclear Energy Mission for research & development of Small Modular Reactors (SMR) with an outlay of ₹20,000 crore and to operationalise five indigenously developed SMRs by 2033.
By BW Hindi | January 20, 2025
एक प्रमुख जलवायु सलाहकार और कार्बन ऑफसेटिंग कंपनी EKI एनर्जी सर्विसेज लिमिटेड (EKI) ने अपनी उत्सर्जन घटाने के लक्ष्यों के लिए साइंस-बेस्ड टारगेट्स इनिशिएटिव (SBTi) से मंजूरी प्राप्त की है. ये लक्ष्य 1.5°C जलवायु परिदृश्य के साथ मेल खाते हैं. SBTi की यह मंजूरी दिखाती है कि EKI विज्ञान-आधारित कदम उठाने के लिए प्रतिबद्ध है और कॉर्पोरेट स्थिरता और जलवायु जिम्मेदारी में क्षेत्रीय नेतृत्वकर्ता के रूप में अपनी स्थिति मजबूत कर रही है.
By PV Magazine | January 23, 2025
The 2025-26 Union Budget has the potential to be a defining moment in India’s journey toward a net-zero economy. By addressing key areas such as renewable energy, green hydrogen, sustainable mobility, and community-level projects, the government can create a robust framework for decarbonization.
By The Economic Times | January 20,2025
EKI Energy Services has pledged to cut 42% of its greenhouse gas emissions by 2030 and partnered with the Science Based Targets initiative to achieve this goal. Using 2023 as the base year, their ambitious emission reduction plan has been approved by a global climate action body. This move marks a key step in their efforts to combat climate change.
By Money Control | January 09, 2025
With Finance Minister Nirmala Sitharaman set to present Budget 2025-26 on February 1, the oil and gas industry awaits announcements related to inclusion of petroleum products in the goods and services tax (GST) net, compensation for losses incurred by state-run oil marketing companies (OMCs) on subsidised liquified petroleum gas (LPG) and announcements around green energy transition.
By Carbon Herald | October 23, 2024
In a major move towards advancing India’s climate goals, the Bureau of Energy Efficiency (BEE) has unveiled the sectors approved under the central government’s Carbon Capture and Trading System (CCTS), SolarQuarter reported this week.
By Solar Quarter | October 23, 2024
In a significant step towards advancing the country’s climate action goals, the Bureau of Energy Efficiency (BEE) has issued a list of approved sectors under the Central Government’s Carbon Capture and Trading System (CCTS). The newly approved sectors include key industries such as energy, manufacturing, agriculture, waste management, and transport, all critical in reducing carbon emissions and fostering sustainable development.
By Industrial Outlook | October 2024
EKI’s journey to becoming a global leader in Carbon Credit Development and Supply is a story of dedication, innovation, and vision. Founded in 2008, EKI started with a deep focus on climate change and carbon offset solutions, and over the years, expanded its operations to 17 countries, serving 3,500+ clients across 40+ nations. The company’s expertise spans sustainability services, net-zero strategies, and carbon asset management, with global standards such as CDM, VCS, and Gold Standard guiding its projects.
By PV Magazine | October 16, 2024
As the world looks to COP29, the stakes have never been higher. Climate finance, energy transitions, biodiversity, adaptation, and carbon markets—each of these issues represents a critical piece of the puzzle in the fight against climate change. Azerbaijan, as host, faces the daunting challenge of balancing competing interests while pushing for ambitious global action.
By Renewable Mirror | October 2024
EKI’s journey to becoming a global leader in Carbon Credit Development and Supply is a story of dedication, innovation, and vision. Founded in 2008, EKI started with a deep focus on climate change and carbon offset solutions, and over the years, expanded its operations to 17 countries, serving 3,500+ clients across 40+ nations. The company’s expertise spans sustainability services, net-zero strategies, and carbon asset management, with global standards such as CDM, VCS, and Gold Standard guiding its projects.
By Solar Quarter | October 14, 2024
EKI Energy Services Ltd. (EKI), a global leader in carbon credit consultancy and sustainability services, has expressed its strong support for the Ministry of Environment, Forest and Climate Change following the notification of the new Ecomark Rules. This initiative, aligned with the ‘Lifestyle for Environment’ (LiFE) Mission, represents a crucial advancement in promoting sustainable consumption and eco-friendly production practices in India.
By ET insights | October 7, 2024
This November, COP29 in Baku, Azerbaijan, follows a turbulent year marked by global conflicts and worsening climate impacts. With high expectations, the summit will address critical issues like climate finance, renewable energy transition, nature-based solutions, and adaptation strategies. The stakes are high, as COP29’s outcomes will shape global efforts to meet Paris Agreement goals and secure a sustainable future.
By Renewable India | October 4, 2024
As the aircraft taxied down the runway, Meera gripped the armrest, her heart hammering. Then, with a surge of power and a deafening roar, they were airborne. The plush airplane seat felt impossibly luxurious under her, as she saw the world shrinking into a miniature landscape of toy cars and blocky buildings through the airplane window. This was it. Her first flight. A ticket to a world beyond the dusty roads and familiar cornfields of her hometown. This story of Meera is the story of hundreds of thousands more belonging to the up-and-coming aspirational class across the world, who are going to take their first flights in coming years.
By Angel One | 19 September 2024
EKI Energy earns SMERA BEE Grade 3 rating, enhancing its credibility and opening doors to government tenders and private projects in the energy efficiency sector.
By The Hindu Business Line | September 05, 2024
The academy seeks to meet the growing demand for expertise in areas such as greenhouse gas accounting, carbon offset development, and sustainability practices
By PTI | AUG 22, 2024
EKI Energy Services on Wednesday said the government of Malawi has authorised the company’s project to distribute additional 25,000 low-emission cookstoves in the African nation and help that country to reduce carbon emissions.
By Entreprenuer India | AUG 7, 2024
The incident of a sanitation worker who was swept away by the currents while cleaning the Aamayizhanjan Thodu canal in Kerala’s Thiruvananthapuram has highlighted the urgent matter of waste management in urban India.
By Carbon Pulse | Jul 24, 2024
India has updated the list of activities that will be eligible to generate carbon credits for export under Article 6.2 of the Paris Agreement, while also finalising a list of activities for Art. 6.4.
By ET Online | Jul 11, 2024
The Interim Budget 2024-25 gave a small but meaningful push for the green energy sector with the announcement of the PM-Surya Ghar Muft Bijli Yojana. Experts say they are hoping the Union Budget will give more consideration for the green industry.
By Financial Express July 9, 2024
During the Interim Budget Rs 28,352 crore was allocated to the power sector and this is a sharp 50 percent increase from the revised estimate (RE) of Rs 18,945 crore for 2023-24 Power, especially renewable power is expected to be a top priority for the Government. As India marches ahead with its COP 26 commitments and targets fulfilling 50% of energy needs through renewable power by 2030, it is important to note that the Budgetary allocations have to match the broader objectives. Most industry experts believe that apart from allocations to the sector, Govt needs to incentivise companies excelling in adopting sustainability and create instruments like Green bonds to pass on the benefit.
By Petya Trendafilova June 20, 2024
EKI Energy Services Ltd., a leading global developer and supplier of carbon credits in the International Voluntary Carbon Markets, announced the registration and issuance of its first improved biomass cookstove project under the Sustainable Development Verified Impact Standard (SD VISta) of VERRA, the world’s premier standard for certifying sustainable development impacts.
By Business World | Jun 17, 2024
A spurt in usage of cooling equipment amid severe and prolonged heatwaves across the country, together with strong manufacturing activity, ensured robust demand for power in the first two months of this fiscal said Crisil in its monthly report. Power demand is likely to have grown 13 per cent compared with April to May 2023. In May, power demand is estimated to have surged to 156 billion units (BUs), logging a 15 per cent on-year increase.
By Industales | Jun 13, 2024
As the global community grapples with the urgent need to combat climate change, India emerges as a beacon of hope, spearheading ambitious initiatives to address the pressing issue of carbon emissions. With a population exceeding 1.3 billion and a rapidly expanding economy, India’s proactive stance towards climate action is not just commendable but also imperative for the sustainability of our planet.
By Renewable India | June 5, 2024
The UN Environment Programme (UNEP) estimates that land degradation is occurring on an estimated 2 billion hectares globally, and this number is likely increasing. According to a satellite-based observational study called Desertification and Land Degradation Atlas by the Indian Space Research Organisation (ISRO), India’s land degradation affected 97.85 million hectares (29.7%) of its total geographical area in 2018-19, up from 94.53 million hectares (28.76%) in 2003-05 and 96.40 million hectares (29.32%) in 2011-13.
By ICN Bureau | June 08, 2024
EKI Energy Services Ltd., a leading global developer and supplier of carbon credits in International Carbon Markets, welcomes and applauds the Biden-Harris Administration’s announcement of new principles for high-integrity voluntary carbon markets. The release of these principles, accompanied by a Joint Statement of Policy, marks a significant step towards advancing credible and ambitious climate action.
PTI, May 27, 2024
EKI Energy Services on Monday said it will provide carbon credit services for clients of Azerbaijan-based FARI Solutions as part of an agreement. Its responsibilities will include conceptualisation, documentation, verification, issuance, and trading of carbon credits, Indore-based EKI said in a statement.
PTI, May 22, 2024
NEW DELHI: Homegrown EKI Energy Services on Wednesday said it aims to complete distribution of 1 million cook stoves across six African nations in the next two years.
Solar Quarter, April 22, 2024
We welcome the launch of the International Carbon Action Partnership’s (ICAP) Emissions Trading Worldwide Status Report 2024, which serves as a beacon of progress in our collective fight against climate change. This report highlights the growing global momentum behind Emissions Trading Systems (ETSs) as indispensable tools in addressing the climate crisis.
Renewable India , April 22, 2024
India’s commitment to environmental conservation and sustainable development has taken a significant stride with the introduction of the Green Credit Scheme. Spearheaded by the Ministry of Environment, Forest and Climate Change (MoEFCC), this innovative initiative aims to incentivize tree plantation efforts while promoting ecological balance and economic growth.
PV Magazine , APRIL 19, 2024
Green credits offer a vital mechanism for incentivizing environmentally positive actions beyond just corporations, involving individuals and communities. By providing tangible benefits for sustainable practices, such as renewable energy adoption and conservation efforts, green credits engage the public at large, fostering widespread participation in combating climate change.
Carbon Pulse, April 18, 2024
India is one of the most vulnerable countries to global warming, but neither the political parties nor the voters have climate change issues high up on their agenda as the world’s largest democracy begins its elections on Apr 19.
Renewable India, 11th April 2024
In shaping our approach to sustainability and climate change initiatives, our experience in both North and South America has been instrumental. Recognizing the distinct dynamics of these markets, we’ve tailored our strategies accordingly.
Renewable India, March 23, 2024
In an exclusive interview with Renewable India, Mr. Pankaj Pandey, the Chief Operating Officer of EKI Energy Services Ltd., delved into the core initiatives and strategies undertaken by EKI to combat climate change and champion carbon offsetting. With over a decade of experience in pioneering environmental sustainability, EKI has emerged as a global leader in catalyzing climate action, offering innovative solutions tailored to the needs of businesses worldwide.
The Ministry of Environment, Forest and Climate Change (MoEFCC) has recently announced the implementation of new guidelines for the Green Credit Scheme, aiming to promote tree plantation and enhance green cover across the nation. This initiative has been welcomed with enthusiasm and appreciation from various sectors.
BY OUTLOOK PLANET DESK MARCH 20, 2024
EKI Energy Services Ltd., a major player in the carbon offset solutions sector, has been named the leading renewable energy developer in Abatable’s Voluntary Carbon Market (VCM) Developer Overview Report for the year 2023, recognising its commitment to sustainable solutions. The company was ranked number one globally in 2022 & 2023 as well.
We are delighted to welcome Rajiv Goyal as the CEO and Whole-Time Director of EKI Power Trading Pvt Ltd. His proven track record of success and strategic leadership will be invaluable as we continue to grow and innovate in the dynamic energy landscape,” said EKI’s Assistant Vice President, Operations – Climate Change, Sukanta Das.
GHG Reduction Technologies Pvt. Ltd., a subsidiary of EKI Energy Services Ltd., inaugurated state-of-the-art Biomass Briquettes (Biocoal) manufacturing plant in Dindori, Nashik, Maharashtra. A significant milestone in GHG Reduction Technology’s ongoing commitment towards clean energy transitions and mitigating global warming.
New Delhi: Carbon credit developer EKI Energy Services (EKI) on Wednesday said its subsidiary GHS Reduction Technologies has set up its first biomass briquettes manufacturing plant at Dindori, Nashik in Maharashtra. “The new biomass briquettes plant represents EKI’s mission to facilitate the manufacture of products that significantly reduce greenhouse gas emissions. By introducing biomass briquettes as a cleaner and more sustainable alternative to traditional coal, the company aims to contribute to environmental conservation and promote eco-friendly energy solutions,” the company said in a statement.
New Delhi: Carbon credit developer EKI Energy Services (EKI) on Wednesday said its subsidiary GHS Reduction Technologies has set up its first biomass briquettes manufacturing plant at Dindori, Nashik in Maharashtra. “The new biomass briquettes plant represents EKI’s mission to facilitate the manufacture of products that significantly reduce greenhouse gas emissions. By introducing biomass briquettes as a cleaner and more sustainable alternative to traditional coal, the company aims to contribute to environmental conservation and promote eco-friendly energy solutions,” the company said in a statement.
Under the visionary leadership of Prime Minister Shri Narendra Modi since 2014, India tackled formidable challenges with the ethos of ‘Sabka Saath, Sabka Vikas’. Structural reforms, pro-people programs, and enhanced employment opportunities invigorated the economy, fostering a renewed sense of purpose and hope, earning the government a larger mandate.
EKI Energy Services Ltd. of India and Ghana’s Jospong Group said they are exploring a partnership to produce carbon credits in the African country that could be worth $1 billion.
In an era dominated by environmental concerns, businesses worldwide are reevaluating their practices and embracing sustainability as a core aspect of their operations. Carbon credits, a market-based approach to curbing greenhouse gas emissions, have emerged as a key player in this shift towards responsible corporate practices.
In an era dominated by environmental concerns, businesses worldwide are reevaluating their practices and embracing sustainability as a core aspect of their operations. Carbon credits, a market-based approach to curbing greenhouse gas emissions, have emerged as a key player in this shift towards responsible corporate practices.
India’s central government has proposed amendments to its draft Carbon Credit Trading Scheme…
In a revolutionary revelation, the World Bank has recently unveiled an ambitious plan poised to redefine the contours of global carbon markets. With the visionary initiative, 15 countries are set to generate income by trading carbon credits sourced from the conservation of their forests. This announcement stands as a monumental stride towards combating climate change and nurturing sustainability, especially within the intricate landscape of the carbon market.
EKI Energy Services Ltd., a leading global carbon credit developer and supplier, has unveiled a comprehensive analysis of the outcomes and pivotal decisions emerging from the recently concluded COP28 in Dubai. The whitepaper, titled ‘COP28 Outcomes: A Comprehensive Review Through the Lens of the Carbon Market,’ explores critical issues discussed during the conference, such as challenges in operationalizing Article 6, standardization in Voluntary Carbon Markets (VCM), mega collaboration for unlocking high integrity carbon markets, a historic deal to transition away from fossil fuels, and the pressing issue of climate finance.
In a significant move towards sustainable development and environmental conservation, the Government of India has taken a commendable step by amending the Carbon Credit Trading Scheme in 2023. This initiative reflects the nation’s commitment to addressing climate change and reducing greenhouse gas emissions, aligning with global efforts to combat the environmental challenges facing our planet.
The comprehensive whitepaper explores challenges related to the operationalization of Article 6, especially Article 6.4; highlights efforts toward standardization in Voluntary Carbon Markets (VCM), and delves into a landmark deal aimed at transitioning away from fossil fuels. Additionally, the whitepaper addresses the critical issue of climate finance, providing valuable insights into the financial gap that emerged during COP28.
The text that was agreed upon by all the negotiators at the just-concluded COP28 climate talks is silent on carbon credits. This is because the parties could not come to an agreement on Article 6.2 (bilateral trading) and Article 6.4 (carbon markets) of the Paris Agreement.
EKI Energy head Manish Dabkara has said there was no need for regulatory intervention after well known investor Shankar Sharma raised questions about why the Indore based company was not being investigated following concerns raised by its auditors.
This week, the government of India announced its own Carbon Credit Trading Scheme (CCTS) 2023.
Earlier this year, the nation’s Ministry of Power had taken a stance that a domestic carbon offset market would not be launched so soon in time.
As of December 19, 2023, the stance appears to have changed, as India’s Central Government and the Bureau of Energy Efficiency have made changes to the scheme, including its name, which henceforth is to be referred to as the Principal Scheme.
The Ministry of Power has brought in amendments to the carbon credits trading scheme (CCTS) which paves the way for India to have its own standards for carbon trading and also allows non-obligated entities to generate carbon credits.
New Delhi: Global carbon credit developer and supplier EKI Energy Services and state-owned refiner Indian Oil Corporation have collaborated to promote sustainable indoor solar cooking system. EKI Energy Services and Indian Oil Corporation (IndianOil) have formalised a Memorandum of Understanding (MOU) to this effect, an EKI statement said. According to the statement, this strategic collaboration aims to promote ‘Surya Nutan’, IndianOil’s innovative indoor solar cooking system.
In the face of an unprecedented warming crisis, COP28 emerges as a pivotal moment in global climate action. Human activities, especially greenhouse gas emissions, demand urgent intervention. The transition to net zero requires industry-wide transformation, embracing sustainable technologies and responsible strategies be it on sustainable fuels to adopting carbon capture. At COP28, the world converges not just in dialogue but in action, forging a legacy of unity to safeguard our planet.”- Mr. Ashish Modi, President. Honeywell India
The Cop28 climate summit, which starts in Dubai on Thursday, is an opportunity for India to boost its efforts in transitioning to renewable energy, industry experts say.
The country’s limitations on moving away from dependence on coal will also come to the fore at the summit, given its rapidly growing energy demands.
In a world grappling with an increasingly uncertain climate future, the need for immediate and collective action to combat the global climate crisis has never been more pressing. The spotlight now turns to Dubai, where the 28th Conference of the Parties (COP28) is poised to take centre stage.
As we approach the end of November, representatives from nearly 200 nations will convene in this vibrant metropolis, and the world’s attention will be riveted to the unfolding events.
Sustainability and development are two intertwined concepts that are central to India’s growth story. As the world’s most populous country in the world, India faces the daunting task of balancing economic progress with environmental preservation and social equity. In this blog post, we will explore why the issue of sustainability is crucial for India’s development and delve into the nation’s progress in this arena.
In the last week of November, representatives from nearly 200 nations will gather in Dubai for the 28th edition of the United Nations Conference of Parties (COP28), a pivotal event aimed at coordinating global climate action for the upcoming year. Running from November 30 to December 12, 2023, in the United Arab Emirates (UAE), the United Nations Climate Change Conference is set to make some crucial decisions.
India’s draft notification on a new ecolabelling scheme is seen by some as bolstering demand for carbon credits among corporates seeking to demonstrate the very highest levels of climate leadership.
Manish Dabkara, Chairman and MD of EKI Energy Services Ltd. and President of Carbon Markets Association Of India on the launch of the Global Biofuel Alliance by Prime Minister Modi commented, “EKI Energy Services Ltd (EKI) welcomes the launch of the Global Biofuel Alliance (GBA) by the Prime Minister of India during the G20 Summit; alongside with world leaders from Singapore, Bangladesh, Italy, USA, Brazil, Argentina, Mauritius and UAE.
India is stepping up efforts to increase production of biofuels as it pursues sustainable sources of energy to meet growing demand and lower its carbon emissions.
On the sidelines of the G20 Leaders’ Summit held in New Delhi this month, India’s Prime Minister Narendra Modi unveiled the Global Biofuel Alliance – with India, the UAE, Singapore, Bangladesh, Italy, the US, Brazil, Argentina and Mauritius serving as members.
EKI Energy Services Ltd., a leading carbon credit developer and supplier across the globe, proudly announces its impressive performance at the prestigious Environmental Finance Sustainable Company Awards 2023. The event, which celebrates organizations and individuals leading the way in environmental and sustainable practices, saw EKI shine brightly on the global stage with three remarkable accolades.
Representatives from close to 200 nations will congregate in Dubai, during last week of November for COP2S to coordinate global climate action for the upcoming year. The United Nations Climate Change Conference will take place in Dubai, United Arab Emirates (UAE), from November 30 to December 12, 2023.
Governments will conduct a “global stocktake” at COP2S for the first time, outlining the advancements made by nations in achieving their nationally determined contributions (NDCs), made in Paris, to reduce emissions.
The market for voluntary carbon credits is currently in the midst of a dynamic and transformative period. The year 2022 emerged as a pivotal chapter, witnessing an unparalleled upsurge in the entire carbon market landscape, encompassing both compliance and voluntary sectors. This surge stands as a testament to the global collective commitment to combatting climate change and achieving sustainability goals.
Carbon Credit Market: The global market for carbon credits is expected to witness an upward trend and touch the level of USD 250 billion by 2030, an industry executive said. The market for carbon credits took a hit due to multiple reasons, including Russia-Ukraine war, interest rate hikes, and reduced demand leading to falling prices up to 80 per cent, Manish Dabkara, Chairman and Managing Director (CMD) of EKI Energy Services, said in an interview.
This program aims to offer incentives in the form of Green Credits to various entities, including individuals, farmer producer organisations, cooperatives, forestry enterprises, sustainable agriculture enterprises, urban and rural local bodies, private sectors, industries, and organisations to encourage and reward environmentally beneficial actions.
The heads of different industries, during Fortune India’s ‘TheNext500’ event and award ceremony today, shared their ideas and insights on what it takes to make it into “The Big League” of companies in India, their expansion plans, and territories they are eyeing to tap into.
Aseem Joshi, CEO, India Business, GMM Pfaudler, talked about factors that play role in chemical and pharma sectors, saying the company is dependent on the CAPEX cycle of its customers. “So a big part of being successful in this space is to know the pulse of the industry and figure out when you need to invest in capacity building and when you really need to hunker down and be more focussed on margin and cost side of things.
India’s long journey towards net zero by 2070 has shifted gears as the government has set up a national steering committee for the formulation and finalisation of the rules and regulations for the functions of an evolving Indian carbon market.
A recent gazette notification says Secretary, Ministry of Power will be ex-officio-chairperson and Secretary, Ministry of Environment, Forest and Climate Change will be the ex-officio co-chairperson of the national steering committee, which will regulate the development of a carbon trading market in India.
Emphasising that carbon market is the key to build acceleration towards green energy, Power Secretary Alok Kumar on Friday said the mechanism is imperative as the share of non-fossil fuels is set to rise in India’s energy mix by the end of this decade.
New Delhi: The Union ministry of power has notified the much-anticipated carbon credit trading scheme.
The notification said the Centre will constitute a “National Steering Committee for the Indian carbon market” to govern and oversee the functions of the market. The secretary, ministry of power will be the ex-officio chairperson, while the secretary for the ministry of environment, forest and climate change will be the co-chairperson.
To boost the trading of carbon credits in the country, the Ministry of Power has notified the Carbon Credit Market Scheme. This development comes within days of the government releasing a draft document for establishing a green credits market in India.
To create a mass movement around environmental positive actions and realise the vision of “Mission LiFE” through pro-planet-people and entities to achieve India’s net zero goal of 2070, the Indian government is coming up with Green Credits. The Green Credits Programme is designed to incentivise voluntary environmental actions undertaken by individuals, private sectors, small scale industries, cooperatives, forestry enterprises and farmer-produce organisations for their environmental actions. The Ministry of Environment, Forest and Climate Change (MoEFCC) has also notified the draft ‘Green Credit Programme (GCP)’ implementation rules 2023.
To create a mass movement around environmental positive actions and realise the vision of “Mission LiFE” through pro-planet-people and entities to achieve India’s net zero goal of 2070, the Indian government is coming up with Green Credits. The Green Credits Programme is designed to incentivise voluntary environmental actions undertaken by individuals, private sectors, small scale industries, cooperatives, forestry enterprises and farmer-produce organisations for their environmental actions. The Ministry of Environment, Forest and Climate Change (MoEFCC) has also notified the draft ‘Green Credit Programme (GCP)’ implementation rules 2023.
In what would push environment-friendly practices among individuals, farmer goups, small scale, urban and rural local institutions and the private sector, the Centre launched a ‘Green Credits Programme’ on Wednesday under Mission LiFE, one of India’s nationally determined contributions (NDC) to the UNFCC.
The ministry of environment, forests and climate change (MoEFCC) on Tuesday, issued the draft ‘Green Credit Programme Implementation Rules 2023’ under the Environment Protection Act, 1986. The draft has proposed generation and trading of green credits
India on Wednesday released draft rules for a market-based mechanism that will help the country meet a wide range of environmental goals by crediting activities ranging from tree planting and water conservation to waste management, air pollution reduction, and sustainable agriculture. Through the scheme, India hopes to create a Umass movement” around positive environmental actions and realise a vision it calls ‘Mission LiFE’ — Lifestyle for the Environment
With a view to achieving net-zero carbon emissions by 2046, energy major Indian Oil Corporation had announced in August 2022 its plans to invest `2 lakh crore in phases, including purchasing carbon credits. Separately in September 2022, Indian energy sector behemoth NTPC was looking for a professional well-versed in carbon trading, who also had experience of working with carbon markets, carbon credits, carbon tax and emissions trading schemes, ESG, carbon neutrality, etc. While these are just two examples, there are many such entities that are working on such sustainability measures. But why the sudden interest?
Tamil Nadu is riding high on green investments. It launched an electric vehicle policy earlier this year and will unveil its green hydrogen policy in a couple of weeks. While Gujarat, Himachal Pradesh, Uttar Pradesh and Rajasthan are also drafting or launching green hydrogen policies, Tamil Nadu has actually green-lit three big projects by ACME, Petronas and Greenko.
Imagine the whole country of France, every inch of it, filled with nothing but plastic garbage. Now add a ‘Switzerland’ to it. Now double this area – this is how big is The Great Pacific Garbage Patch – one of the largest and well-known accumulations of marine debris.
The exact size of the patch is difficult to determine due to its dispersed nature and varying concentrations, but it is estimated to cover an area ranging from 700,000 to 1.6 million square kilometers (270,000 to 618,000 square miles).
Plastic waste has emerged as a pressing global concern, with profound implications for both the environment and climate change. The rapid proliferation of plastic consumption and inadequate waste management systems have resulted in massive quantities of plastic waste infiltrating ecosystems worldwide. This article aims to explore the detrimental effects of plastic waste on climate change, highlighting its role in exacerbating environmental degradation, emissions, and resource depletion in addition to the use of plastic credits to combat climate change. By examining the current state of plastic waste management, the urgency for concerted global action becomes evident.
Carbon trading is an important tool in global climate change mitigation efforts that incentivises the reduction of greenhouse gas emissions. Following up aggressively on its commitment to reduce carbon emissions by 1 billion tonnes by 2030, India is working on developing a robust carbon trading market_ To this effect, two major developments are expected this year—release of the framework and the opening of the voluntary carbon trading market. The gains to be made from the carbon market are many, but is India Inc. ready for the challenges that come along with the opportunities?
EKI Energy Services offers a wide range of solutions for businesses to strengthen their climate action and help them meet their carbon neutrality or net-zero goals. It includes carbon offsetting, carbon footprint management, CDP rating, sustainability, ESG, amid a lot more, in achieving net-zero for a company.
New Delhi: Amongst all sources of greenhouse gas emissions, aviation is one of the fastest-growing. According to “0urWorld in Data” an online research and data publication platform, global aviation accounts for 2.5 per cent of C02 emissions (2018). It risks rising higher, as the global aircraft fleet continues to expand while the industry continues to not follow the pace as others when it comes to decarbonization.
EKI Energy Services Ltd (EKI) announced that it has been Great Place to Work® Certified (GPTW) in India, becoming the first top global carbon consulting company to gain the recognition.
The certification is purely based on employees’ experience of working at EKI and validates how EKI continues to progress in building a strong organisational culture that is aligned with its values.
EKI Energy Services Limited has announced that Pankaj Pandey who was heading the ..
Household air pollution is a concerning global issue as a significant number of people in rural areas still follow inefficient cooking practices that produce hazardous smoke and pose serious challenges to human health and the environment. Approximately one-third of the global population or 2.4 billion people worldwide still don’t have access to clean cooking.
In a statement, EKI said it “has joined hands with WOCE Solutions for development and adoption of digital monitoring, reporting and verification (DMRV) for various projects which EKI is servicing across the globe in addition to the ones it will undertake in future„.”
The collaboration will facilitate individuals, businesses and organizations with a one-stop solution for all aspects of carbon inventory, management and
neutrality/net-zero solutions.
With India’s recent announcement on a roadmap and action plan for the creation and selling of carbon credits in the global market, in compliance with Article 6.2 of the Paris Agreement, the domestic carbon credit market is set to boom in the coming years, say experts.
India is a significant exporter of carbon credits and has issued 278 million credits in the voluntary carbon markets between 2010 and 2022, accounting for 17% of the global supply.
With India’s recent announcement on a roadmap and action plan for the creation and selling of carbon credits in the global market, in compliance with Article 6.2 of the Paris Agreement, the domestic carbon credit market is set to boom in the coming years, say experts.
India is a significant exporter of carbon credits and has issued 278 million credits in the voluntary carbon markets between 2010 and 2022, accounting for 17% of the global supply.
New Delhi, Mar 15 (PTI) Carbon credit developer EKI Energy Services (EKI) has inked a consultancy service contract for carbon credits project of Kochi Metro Rail. “EKI has signed consultancy service contract with Kochi Metro Rail Ltd (KMRL). The contract has been signed against a tender won by EKI for providing carbon credit advisory services to KMRL,” a company statement said.
A Podcast for business and technology related news updates and interviews of leaders from the solar, renewable energy, electric vehicle and green hydrogen industry. The Podcast explores the business trends, emerging tec
The Ministry of Power recently notified the Energy Conservation (Amendment) Act, 2022, amending the Energy Conservation Act, 2001 in order to empower the central government to put in place a carbon market and specify a carbon credit trading scheme. Under this, the central government or an authorised agency will issue carbon credit certificates, which will be tradable, to companies or individuals registered and compliant with the scheme. Importantly, the carbon credits will be used on priority within the country to meet the nationally determined contributions. Industry experts share their views on the proposed carbon credits market and its likely outcome, along with the key implementation issues and challenges…
The expectations from Union Budget 2023 were high with regard to the country’s green growth agenda and energy transition. Living up to the expectations, the budget has made key declarations affirming its vision for ‘Lifestyle for Environment (LiFE)’, ‘panchamrit’ and net-zero carbon emissions by 2070. The green growth provisions outlined in the budget place the country on a steadfast path towards meeting its sustainability goals.
New Delhi: India is fast striding to meet its Panchamrit and net-zero goals. Considering the global climate action and our own climate goals, the Union Budget 2023 was expected to make some key declarations and announce initiatives that affirm country’s vision for net-zero carbon emissions by 2070. We have to agree that the budget lived up to the expectations.
An initiative to plant mangroves along the coastline and on salt pan lands as well as a wetlands conservation scheme were the main nature-related headlines when India on Wednesday announced its 2023 state budget
The Indian budget contained over $4 billion to fund the nation’s energy transition, but also had room for nature conservation initiatives, though no details were immediately made available on the size of spending-
The Union Budget 2023 presented by Finance Minister Nirmala Sitharaman in Parliament made several key declarations related to Green Growth and Energy Transition. One noteworthy announcement is the establishment of regulations for the Green Credit Program, which will be governed by the Environmental Protection Act. This move will incentivize the distribution of additional resources and environmentally sustainable & responsive actions by companies, individuals and local bodies; provide fiscal incentives; and support the Government of India’s LiFE program, promoting a pro-planet, pro-people way of life.
In this episode of the Smart Energy Podcast, Smart Sengupta- VP- Business Development, EK Energy Services Ltd shares his views on #carbonmarkets and how #carboncredits can help businesses and organisations to achieve their #netzero ambitions. He decodes the #netzero targets announced by the GoI and the role of #solar and #renewableenergy in achieving the targets. He also shares the community-driven approach undertaken by EKI Energy Services that addresses the needs of the communities and concerns related to the #environment. He also expresses his views on the recently amended #energyconservation bill 2022 and the role of technology in tackling #climatechange. Tune in to listen to the podcast and don’t forget to like, subscribe and share the podcast with your industry colleagues.
In this episode of the Smart Energy Podcast, Smart Sengupta- VP- Business Development, EK Energy Services Ltd shares his views on #carbonmarkets and how #carboncredits can help businesses and organisations to achieve their #netzero ambitions. He decodes the #netzero targets announced by the GoI and the role of #solar and #renewableenergy in achieving the targets. He also shares the community-driven approach undertaken by EKI Energy Services that addresses the needs of the communities and concerns related to the #environment. He also expresses his views on the recently amended #energyconservation bill 2022 and the role of technology in tackling #climatechange. Tune in to listen to the podcast and don’t forget to like, subscribe and share the podcast with your industry colleagues.
In this episode of the Smart Energy Podcast, Smart Sengupta- VP- Business Development, EK Energy Services Ltd shares his views on #carbonmarkets and how #carboncredits can help businesses and organisations to achieve their #netzero ambitions. He decodes the #netzero targets announced by the GoI and the role of #solar and #renewableenergy in achieving the targets. He also shares the community-driven approach undertaken by EKI Energy Services that addresses the needs of the communities and concerns related to the #environment. He also expresses his views on the recently amended #energyconservation bill 2022 and the role of technology in tackling #climatechange. Tune in to listen to the podcast and don’t forget to like, subscribe and share the podcast with your industry colleagues.
As Budget 2023 nears, industry players expect announcements by Finance Minister Nirmala Sitharaman on the national carbon market, green hydrogen production, and energy storage technology.
It is time to set up a robust national carbon credit market, said Manish Dabkara, Chairman and Managing Director of EKI Energy, who expects an accelerated move towards its development to support a low-carbon future.
Expectations and hopes from the Union Budget 2023 are aplenty ranging from strong focus on green energy enablers like GH2, promotion of indigenous and supply secure energy storage technologies, and scaling up decentralised energy systems with effective utilization of carbon finance. It is a significant yet critical time for a positive move towards nation’s net-zero goals by channelizing International Green finance for substantial greenfield development of India.
The Union Cabinet approved an initial outlay of Rs 19,744 crore for the National Hydrogen Mission, Union Minister Anurag Thakur said on January 4, 2023. From the initial outlay, Rs 17,490 crore is for the SIGHT programme, Rs 1,466 crore for pilot projects, Rs 400 crore for R&D, and Rs 388 crore towards other Mission components. According to a press release by the Government of India, the National Green Hydrogen Mission is likely to invite investments worth Rs 8 lakh crore and create over six lakh jobs in the country.
The Union Cabinet approved an initial outlay of Rs 19,744 crore for the National Hydrogen Mission, Union Minister Anurag Thakur said on January 4, 2023. From the initial outlay, Rs 17,490 crore is for the SIGHT programme, Rs 1,466 crore for pilot projects, Rs 400 crore for R&D, and Rs 388 crore towards other Mission components. According to a press release by the Government of India, the National Green Hydrogen Mission is likely to invite investments worth Rs 8 lakh crore and create over six lakh jobs in the country.
India is already an emerging carbon credit producer, and if we play our cards right, we can supplement our farmers’ incomes, restore degraded soils and become a leader in the carbon world
EKI Energy Services announced that its subsidiary, GHG Reduction Technologies has completed the capacity expansion at its manufacturing plant, located in Nashik, Maharashtra.
The Lok Sabha passed the Energy Conservation (Amendment) Bill, 2022, last Monday, clearing the way for establishing carbon credit markets. As per a report in Bloomberg, Prime Minister Narendra Modi may launch a national carbon trading platform on August 15.
India’s Energy Conservation (Amendment) Bill, 2022, passed by Lok Sabha on August 10, proposes boosting the use of non-fossil fuel energy – including green hydrogen and green ammonia – to reduce imports of fuels needed to power the country.
In the last decade, the world has greatly evolved to see climate action as a dire step to restore and rehabilitate the planet. The objective is clearly protection over profit and in this quest mankind has come together like never before with a common goal of net-zero.
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India’s Energy Conservation (Amendment) Bill 2022, passed by the Lok Sabha (Lower House of Indian Parliament) on August 10, proposes boosting the use of non-fossil fuel energy – including green hydrogen and green ammonia – to reduce imports of fuels needed to power the country. The legislation is set to replace the principal act, Energy Conservation Act which was passed by the Indian Parliament in 2001 and had paved……..
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The recently amended Energy Conservation Act has introduced the setting up of India’s own and first-ever carbon credit market. This has enthused several carbon-intensive industries – steel, cement, and manufacturing – into trying to meet their sustainability targets, and existing players in the carbon-offsetting space.
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In the last decade, the world has greatly evolved to see climate action as a dire step to restore and rehabilitate the planet. The objective is clearly protection over profit and in this quest mankind has come together like never before with a common goal of net-zero.
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Recently, Energy Minister RK Singh during the discussion in the Lok Sabha on the proposed amendments to the Energy Conservation Act stated that India will ban the export of carbon credits to international markets until the country’s commitment of reduction of 45 per cent emission intensity of GDP is met
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The Lok Sabha passed the Energy Conservation (Amendment) Bill, 2022, last Monday, clearing the way for establishing carbon credit markets. As per a report in Bloomberg, Prime Minister Narendra Modi may launch a national carbon trading platform on August 15.
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Startups such as Climes, Lowsoot, and WOCE have recently surfaced to help companies and individuals go carbon neutral, a market at the cusp of explosive growth in India.
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Blockchain is an emerging technology that has been increasingly gaining popularity over the last few years with businesses across a multitude of industries embracing it. Blockchain essentially is a digital decentralized database that enables a seamless flow of data in a secure manner.
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India’s commitment of net-zero emissions by 2070 at the COP26 has set in a sudden urgency for climate action with its ripples being felt in every corner of the world as many more countries also pledged their net zero targets. The historical Union Budget this year with it’s strong focus on climate action,
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Today, 3 billion people globally continue to still use polluting biomass fuels for their everyday cooking. People use inefficient traditional mud or three stone fire cook stoves, which consume a lot of polluting biomass fuels resulting occupational lung diseases and even deaths. There are over 4 million deaths per year from lung diseases due to smoke emissions, 12 per cent of these are infants.
EKI Energy Service on Tuesday posted a multi-fold jump in standalone net profit at Rs 383.36 crore in 2021-22 financial year, mainly on the back of higher revenues. The standalone net profit of the company was at Rs 18.69 crore in the fiscal ended March 2021.
The 26th edition of the Conference of Parties (COP26) witnessed as many as 200 world leaders come together in Glasgow, Scotland to discuss measures to tackle climate change.
India presented its Panchamrits (five elements) as its promises to contribute to climate action:
It was the kind of initial public offering of shares one would hardly pay any attention to. An IPO by a company with Rs 66 crore revenue, looking to raise a mere Rs 18 crore and list on BSE’s small and medium enterprise platform. Besides, the issue was being lead-managed by an obscure investment banker. Read more
India’s net-zero commitment can create over 50 million new jobs in the climate sector; environment and climate sciences should be added to school curriculum and children should be introduced to climate crisis early on. Read More
EKI Energy Services Limited (EKIESL), a leading developer and supplier of carbon credit said it has appointed Pankaj Pandey as the Head of its Community based Projects. Read More
The Union Budget 2022-23 pushed energy transition by encouraging domestic production of solar power equipment and batteries, in line with India’s commitments on climate change actions. Read more
Carbon credit developer and supplier EKI Energy Services Ltd (EKIESL) on Thursday announced the launch of its new arm for sustainability services. The new business arm will offer an exhaustive bouquet of strategic solutions such as ESG frameworks, Green Ratings & Credentials, and Climate Advisory amongst others, that will enable companies to fast-track their climate goals, according to a company statement. Read more
With a 26% share of the global voluntary carbon offset market, EnKing sets Dubai office
India-based climate and sustainable advisory firm EnKing International has charted an aggressive expansion plan for the global carbon offsets market and expects the Middle East to account for 10-15 percent of the company’s forecasted 30 billion Indian rupees ($401 million) revenue next year, the company’s top official told Zawya Projects. Read more
Finance Minister Nirmala Sitharman said that PM Gati Shakti Master Plan for expressways will be formulated in 2022-23.
New Delhi: During the Budget 2022 presentation on Tuesday (February 2), Union Finance Minister Nirmala Sitharman said that PM Gati Shakti Master Plan for expressways will be formulated in 2022-23. Read more
January 7 , 2022, India: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits (environmental commodity) in the World, today announced the incorporation of a new associate –GHG Mitigation Technologies Pvt. Ltd. The new company will oversee end-to-end management of the carbon offset supply chain in a phased manner.
EKI Energy Services Ltd and Shell Overseas Investments BV, a unit of Royal Dutch Shell plc, on Friday signed an agreement to set up a joint venture to work on nature-based solutions in India.
World’s premier carbon credit developer and supplier, EKI Energy Services Limited has announced that it has established its presence in Dubai, the business hub of Western Asia. Expanding its footprint in the global carbon market, EKI has incorporated a wholly owned subsidiary company named – “EnKing International FZCO (“The Company”)” in Dubai free zone (IFAZA).
Green consultancy firm EKI Energy on Wednesday said it plans to expand its footprints in the carbon credit market of more countries from over 18 nations at present, by March next year…
Sales rise 847.75% to Rs 193.34 crore. Net profit of EKI Energy Services rose 2527.94% to Rs 35.74 crore in the quarter ended June 2021 as against Rs 1.36 crore during the previous quarter ended June 2020. Sales rose 847.75% to Rs 193.34 crore in the quarter ended June 2021 as against Rs 20.40…
Mr. Manish Dabkara (CMD & CEO at #EnKingInternational) shared views on #COP26 & #NetZero pledge at @Newsx in a panel discussion with Mr. Deepak Vohra – Ambassador, Mr. Madhav Nalapat & Ms. Shubhra Mohanka
Fires, floods, and earthquakes continue to ravage the world, and climate watchers cry hoarse, urging us to heed the nature around us. But the Indian Prime Minister Narendra Modi has proudly announced that India is on track to meeting its promise to stick to the Paris Agreement. He has said that the country will achieve its climate goals well before 2030. This means that India should completely switch over to renewable energy, energy efficiency, generating energy from waste, in the next…. Read More
EKI Energy Services Limited (EKI Energy) on Friday reported a four-fold jump in its net profit at Rs 18.70 crore during 2020-21, mainly on the back of higher revenues. EKI Energy, had reported a net profit of Rs 4.51 crore during 2019-20, a company statement said. Amid the ever increasing global awareness of the impact of carbon emissions coupled with initiatives to reduce all greenhouse gas emissions, the company reported robust…Read more
Kaustubh Kulkarni, General Manager, EnKing International received the award and expressed his gratitude for the award. “We will surely work harder to achieve better. Right now, we cover 90 per cent of the Indian carbon Market and 30 per cent of Global Carbon Renewable energy Carbon Markets. We understand that most of the carbon credit has been generated from renewable energy. Apart from this, they are also ..Read more
Indore-based Enking International may become the world’s first company that operates in the carbon markets space to go in for an initial public offering (IPO). Managing Director and CEO, Manish Dabkara, told Business Line today that it would file for the IPO in a few days…Read more
Indore-based Enking International may become the world’s first company that operates in the carbon markets space to go in for an initial public offering (IPO). Managing Director and CEO, Manish Dabkara, told Business Line today that it would file for the IPO in a few days…Read more
INDORE, India, Nov. 4, 2020 /PRNewswire/ — With changing times, the market trends of all sectors are changing. Recent surveys reveal a new shift of market trends towards energy efficiency and it has became a new normal with thrust provided by the government awareness programmes, schemes and rating mechanisms. One such rating is ESCO (Energy Services Company) rating provided by Bureau of Energy Efficiency, Ministry of Power, Government of India…Read more
INDORE, India, March 21, 2020 /PRNewswire/ — EnKing International is one of the 15 winners in the auction who paid $0.30 for the right to sell a carbon credit to the PAF at a good price. The World Bank Group auctioned $8.25 million of climate funds on March 3rd, 2020, and this could lead to a reduction of the equivalent of 4.2 million tons of carbon dioxide emissions by the end of 2020. Twenty-one companies took part in a pilot online auction for the right to sell carbon credits….Read more
INDORE, India, Dec. 6, 2019 /PRNewswire/ — EKI Energy Services Limited, which was awarded the tender for sustainable city projects in the Smart City Indore initiative, has proven itself as a promising service provider with its experience and expertise. Smart City Indore is an initiative launched by Indore Municipal Corporation, which includes the participation of residents to qualify Indore to the Smart City Mission, launched by the Government of India….Read more
Indore, Madhya Pradesh, India:
CDP runs the global environmental disclosure system, each year it supports thousands of companies, cities, states and regions to measure and manage their risks and opportunities on climate change, deforestation and water security. CDP provides a platform to above-mentioned entities to disclose their project details and associated climate risks….Read more
Surya Nutan distribution project features as a case study in the esteemed compendium released by the Confederation of Indian Industry (CII), underscoring EKI’s pivotal role in advancing clean cooking initiatives and its dedication to sustainable energy solutions. The Surya Nutan project, which utilizes innovative solar-powered PV cell technology, has been selected for its potential to address pressing social and environmental challenges. The compendium showcases EKI’s successful implementation of the project and its positive impact on communities. By featuring EKI’s work, the CII aims to inspire other organizations and individuals to adopt sustainable practices and contribute to a cleaner and greener future.
Within nine months from the time of its Initial Public Offering (IPO) in April of 2021, EKI Energy Services (EKI) shares had increased by more than 8,000%. Equally explosive was the growth of the company’s revenues and Earnings Before Interest, Taxes and Depreciation (EBITDA), which rose in 2022 by almost ten and twenty times respectively. However, in 2022, several commentators started doubting the credibility of the carbon credits that firms, such as EKI, purchased or developed and sold to customers worldwide. Given that most of EKI’s revenues relied on these credits, the company focused on its ongoing efforts to diversify the types of carbon credits that it developed and sold, while defending the validity of its existing carbon credit inventory. On April 25, 2022, EKI announced its intention to supply one billion carbon credits to clients within the next five years.
Ms. Itisha Sahu
Company Secretary
Address: 903, B-1 9th Floor, NRK Business Park, Scheme No. 54, PU4, Indore 452010, Madhya Pradesh India
Mail: cs@enkingint.org
In case of non-redressal of the complaint to the investor’s satisfaction, within a reasonable time frame, the investor may approach-
Mr. Mohit Kumar Agarwal
Chief Financial Officer
Address: 903, B-1 9th Floor, NRK Business Park, Scheme No. 54, PU4, Indore 452010, Madhya Pradesh India
Email: cfo@enkingint.org
In case a complaint is still not redressed to the investor’s satisfaction, the investor may approach the Securities and Exchange Board of India and file their grievance through “SCORES”, the centralized online system for lodging and tracking complaints.
SCORES facility can be accessed through the weblink http://scores.gov.in