Friday, Mar 29 2024 | Time 10:57 Hrs(IST)
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Business Economy


EKI bags Indore contract

Mumbai, Jan 28 (UNI) EKI Energy Services (EKIESL), a leading developer and supplier of carbon credits, on Friday said it has won a tender from Indore Smart City Development Ltd (ISCDL), a "Special Purpose Vehicle" (SPV) formed under the Smart City Mission of the Indian government.
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, the company said in a filing with BSE.
With the help of EKIESL, ISCDL 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.
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... This win has enhanced our leadership as a climate change expert both nationally as well as globally."
UNI JS MR
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