SN Power secures lucrative climate bonus from Indian investment

Business June 20, 2007

The Norwegian and IFC aid-financed Allain Duhangan hydro project in India is set to generate handsome profits from carbon credits for its owners - in the order of NOK 60-80 million a year over a ten-year period, according to SN Power. The claim that this project will reduce greenhouse gas emissions is questionable because the dam would in all likelihood have been built anyway.

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