The United Nations has issued 170,000 certified emission reduction credits to India's 192-MW Allain Duhangan hydropower project.
The Allain Duhangan hydroelectric plant is located at the confluence of the Allain and Duhangan rivers in the Kullu district of Himachal Pradesh.
SN Aboitz, which has an indirect ownership of 49% of Allain Duhangan via the Malana Power Company, says the credits will be sold to the Italian Carbon Fund.
The U.N.'s Clean Development Mechanism (CDM) allows for these credits -- each equivalent to 1 metric tonne of carbon dioxide -- to be traded or sold and used by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol.
HydroWorld.com reported in June 2007 that the plant was one of the largest to have ever received approval from the U.N.'s Clean Development Mechanism (CDM) to sell carbon emission credits, and it was registered with the U.N.'s Framework Convention on Climate Change in June 2011.