Public Sector power companies are eying to grab a larger pie of Carbon Credit Market. Some of the coal-burning thermal power plants run by the National Thermal Power Corporation (NTPC) are the major contributors for the greenhouse gas emissions and deterioration of air quality. It is reported that the NTPC is the largest contributor to greenhouse gas (GHG) emissions in Indian power sector.
A new technology (Integrated Gasification Combined Cycle, IGCC) developed by the power equipment manufacturer (BHEL), cuts greenhouse gases by 40%, leads to lower solid waste production and operating efficiency of around 40%. It also offers a technical pathway to cost-effective separation of the greenhouse gas carbon dioxide and co-production of hydrogen.
It should be made mandatory to all the power plants based on coal or gas that the GHG emissions should be prevented keeping global warming considerations in mind. Cost of electricity generated from coal-based plants used to be cheap. However, with the adoption of the new technology, the cost per unit electricity generated through route is likely to go up and may be comparable to other technologies such as nuclear or solar, where the initial project cost makes them costlier as compared to earlier coal and gas based plants.
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