INDIA: EKI Energy Services Ltd has emerged as India's first largest private Indian corporate buyer of renewable energy certificate (REC) for off-setting the organizational carbon foot prints, through voluntary participation in last month's REC-trading session on 28th March 2013.
EKI Energy had participated as Voluntary REC Buyer in the March 2013 trading session at both the Power Exchanges operational in India - Indian Energy Exchange (IEX) & Power Exchanges of India Ltd (PXIL); to offset its part of carbon footprints. This way EKIESL has stepped forward in support to the Indian government initiatives favoring mitigation of global warming.
The procurement of RECs on a voluntary basis help corporates meet corporate social responsibility (CSR) or sustainable development (SD) goals. Without investing to the renewable energy power projects any organization can use RECs to offset their carbon footprints.
As per organizational vision "Making Planet Earth a Green Global Society", the board of directors at EKIESL have decided to opt to purchase REC as one of the tool to set off part of organizational carbon footprints, as informed by Manish Dabkara, CMD and CEO, EKIESL
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