Uzbek state company to sell annual emission reduction totaling 10 million euros
Uzbekistan, Tashkent, Oct. 22 /Trend, D.Azizov/
From 2011, Uzkhimprom State Joint-Stock Company will start the sale of certified emission reductions (CERs) in amount of 10 million euros per year, the Ministry of Economy of Uzbekistan said on Friday.
According to the Ministry, which is the national agency for projects of Clean Development Mechanism (CDM), the German TÜV-SÜD Industrie Service GmbH has held at two chemical plants of the Republic - JSC Navoiazot and Maxam-Chirchik JSC the primary appraisal (verification) in compliance with the established parameters for the completed CDM projects related to the utilization of nitrous oxide.
CERs certificates for the right on commercial sales are expected to be issued in the first half of 2011, after the approval of a verification report and its consideration by the UN. The implementation of another project - at the Ferghanaazot Plant - is scheduled until the end of 2010. The CERs certificates are expected to be issued in the second half of 2011.
As previously reported, in 2006, the Japanese Mitsubishi signed an agreement with Uzhimprom an agreement for the implementation of CDM projects at three largest Uzbek chemical plants - Navoiazot JSC, Maxam-Chirchik JSC and Ferghanaazot JSC.
According to expert estimates, this project will reduce overall emissions by 1.1 million tons of CO2-equivalent annually.