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EBRD-EIB carbon fund signs first emission reduction purchase agreement in Georgia

The EBRD-EIB Multilateral Carbon Credit Fund (MCCF) and Enguri hydropower plant (HPP), the largest hydropower plant in Georgia, are collaborating to promote clean power generation.

Engurhesi Ltd, the state-owned owner and operator of the Enguri plant, and Stichting Carbon Purchase Intermediary (CPI), a special purpose vehicle created to acquire carbon credits for the participants in the MCCF, have signed an emission reduction purchase agreement (ERPA) that would allow trade in Certified Emission Reductions to be generated by the Enguri HPP under the Clean Development Mechanism (CDM). The Enguri CDM project will enhance the energy independence of the country, while contributing to its efforts to combat climate change.

Concerned URL	http://www.enpi-info.eu/maineast.php?id_type=1&id=20169〈_id=450 [open in new window]
Source of information	ENPI Info Centre
Release date	27/11/2009
Contributor	Elena Nikitina