EKI Energy Services Bags Contract As Carbon Credit Service Provider From Varanasi Smart City
EKI Energy Services (EKI), a carbon credit developer and supplier, on Thursday announced 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 monetise 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.
Manish Dabkara, CMD & CEO, EKI Energy Services 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 realise additional revenues that can be further utilised 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 said, “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 monetised in global markets for additional revenues.
The company has enabled ISCDL to realise additional revenues of up to Rs 8.34 crore in FY 2021-22 and also become the only Municipal Corporation in India and Asia to generate carbon finance through its sustainable initiatives.
EKI offers end-to-end strategic solutions enabling customers to future proof their climate action roadmap and ESG mandates.
