China Guodian Corporation has signed a purchase and sale agreement on the 4.2 million tons of carbon emission reductions with Lehman Brothers.<\/p>\n
The two projects that are involved in the agreement are Guodian Taizhou Power Generation Co., Ltd. and CGC Zhejiang Beilun Power Generation Co., Ltd, each respectively having an ultra-supercritical project of 2x1000MW.<\/p>\n
The ultra-supercritical project of Guodian Taizhou has already put into production in December 2007, and Guodian Beilun will put into production by the end of 2008. It is predicted that by 2012, total emission reductions of Guodian Taizhou project will reach 2.5 million tons CERs (Certified Emission Reduction), and that of Guodian Beilun will be 1.7 million tons CERs. The income of the deal will cover 5% of the total capital expenditure.<\/p>\n
Yang Zhizhong, president of Lehman Brothers China Region, says that it is the first time for Lehman Brothers to buy carbon emission reductions independently in China. Lehman Brothers is now managing 14 million tons of carbon assets, and China accounts for two-thirds of that.<\/p>\n","protected":false},"excerpt":{"rendered":"
China Guodian Corporation has signed a purchase and sale agreement on the 4.2 million tons of carbon emission reductions with Lehman Brothers.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[756,1561,1559,1562,6868,6867,1558,1560,42,1240],"class_list":["post-2530","post","type-post","status-publish","format-standard","hentry","category-environment","tag-carbon","tag-carbon-credit","tag-china-guodian-corporation","tag-crbon-emission","tag-energy-cleantech","tag-environment","tag-guodian","tag-lehman-brothers","tag-power","tag-reduction"],"acf":[],"yoast_head":"\n