MITCON is an ISO 9001 – 2000, dividend paying consultancy organization in India promoted by leading financial institutions (ICICI, IDBI, IFCI), public sector commercial banks and State Corporations of Maharashtra. Green Power Division (GPD) of MITCON provides range of expert professional consultancy services in energy efficiency / conservation, renewable energy (wind, hydro, solar etc.), biomass based cogeneration & captive power, environment management & engineering and climate change to local, regional, national and global customers. GPD has successful track record of 18 years. These services have been acknowledged by number of stakeholders and customers.
MITCON enjoys an unique position in India where massive work at the micro or unit or project level, as well as key assignments at the macro or policy level have been undertaken, in focus areas for climate change including energy efficiency, renewable energy & environment protection. Further, MITCON has witnessed, participated and activated climate change markets both at the global and national levels. The micro & macro level experience in focused areas, involvement and actual work in CDM projects, as well as national & global network, MITCON is in the strongest position to successfully shoulder the responsibility of CDM consultancy services.
MITCON is catalyst to domestic and international business and is an escort to investors in India. MITCON is based in Maharashtra with head office in Pune, a full fledged office in Mumbai and a well organized office in New Delhi. A total core staff of about 50 consultants and over 200 associate experts provide vide range of industrial, technical and management consultancy services.
MITCON is active in climate change activity, an apex of all services mentioned above, for global business. Climate change division provides expert consultancy services to the customers for roping them in climate change movement. A dedicated team of professionals is working and has successfully provided various kinds of services. Typically, these services include project identification, preparation of project information note, project concept note, project design document (existing & new methodology), assistance in securing approval from DNA, assistance in appointing DoE & completion of validation / CDM EB registration, assistance in CER commercialization, assistance in signing emission trade agreements, development of monitoring & verification protocols etc. MITCON also provides hand holding services to the CER / VER buyers.
Team of in-house dedicated professionals undertakes climate change activities like customer interaction & education, training, PIN / PCN / PDD preparation, sourcing of buyers, CER commercialization, advise on consents, assistance in implementation of MVP, validation, negotiation and legal aspects, etc.
The Kyoto Protocol (KP) was signed in 1997 to tackle climate change by reducing global emissions of the greenhouse gases (GHGs). The principle of KP is that wherever in the World GHGs are emitted, the impact on the climate will be same. As per the KP, developed countries (called as Annex I countries) have emission reduction targets to achieve in certain time frame. These targets can be achieved with own efforts or through trading of Certified Emission Reductions (CERs) generated from various environment friendly projects, in developing countries (called as non Annex I countries). Trading means paying someone to reduce equivalent CO2 in the atmosphere by the same amount that your activities add. In this way, you can ‘neutralize’ or ‘balance’ the equivalent CO2 added by your activities.
The Clean Development Mechanism (CDM) is one of the two project-based flexible mechanisms of the KP. These mechanisms are designed to make it easier and cheaper for industrialized countries to meet the GHG emission reduction targets that they agreed to under the Protocol. The CDM is also mandated to assist developing countries in achieving sustainable development.
In addition to the demand for CERs, there is limited but ongoing demand for Verified Emission Reductions (VERs). These reductions cannot be used for compliance under KP or European Emission Trading Scheme; however, there is a growing voluntary market where companies, organization and individuals are choosing to offset the GHGs associated with a particular activity. As this is a voluntary market, the buyer and seller agree how the reductions are measured, verified and delivered. This is preferred option to trade emission reductions from very small-scale projects.
Sr. No. |
Project |
Type of Company |
Type of Contract |
Funds |
1. |
0.8 MW wind power in Karnataka |
Construction |
Upfront |
- Upfront payment of about Rs. 35 lac for trading of 12 years ERs
- Funds received within 6 months of project commissioning
|
2. |
0.8 MW wind power in Karnataka |
Construction |
Upfront |
- Upfront payment of about Rs. 35 lac for trading of 12 years ERs
- Funds received within 6 months of project commissioning
|
3. |
0.8 MW wind power in Karnataka |
Gems Processing |
Yearly. On delivery |
- Payment of about Rs. 1.95 lac & Rs. 0.75 lac for 1st & 2nd year respectively
|
4. |
0.8 MW wind power in Karnataka |
Pharmaceutical |
Yearly. On delivery |
- Payment of about Rs. 2.20 lac & Rs. 0.75 lac for 1st & 2nd year respectively
|
5. |
3 MW industrial waste to power in Andhra Pradesh |
Independent Power Producer |
Upfront + Yearly |
- Upfront payment of about Rs. 92 lac for 1.5 year’s ERs
|
6. |
35 MW bagasse based cogen project in Maharashtra |
BOOT Developer |
PDD development funding |
- Payment of about Rs. 37 lac towards transaction cost
|
7. |
445 MW combined cycle power generation in Andhra Pradesh |
Independent Power Producer |
Transaction cost funding |
- All transaction cost
|
8. |
0.675 MW wind power in Tamilnadu |
Engineering |
Upfront + Yearly |
- Upfront payment of about Rs. 18 lac for trading of 7 years ERs
|
9. |
3.75 MW wind power in Maharashtra |
Foundry |
Upfront + Yearly |
- Upfront payment of about Rs. 100 lac for trading of 7 years ERs
|
10. |
0.6 MW wind power in Maharashtra |
Export House |
Upfront + Yearly |
- Upfront payment of about Rs. 19 lac for trading of 7 years ERs
|
11. |
1.175 MW wind power in Tamilnadu |
Foundry |
Upfront + Yearly |
- Upfront payment of about Rs. 30.68 lac for trading of 7 years ERs
|
12. |
1.25 MW wind power in Maharashtra |
Construction |
Upfront + Yearly |
- Upfront payment of about Rs. 40.72 lac for trading of 7 years ERs
|
13. |
0.8 MW wind power in Tamilnadu |
Foundry |
Upfront + Yearly |
- Upfront payment of about Rs. 23 lac for trading of 7 years ERs
|
14. |
0.7 MW wind power in Maharashtra |
Paper & Pulp |
Yearly. On delivery from the date of commissioning (DoC) |
- Payment of about Rs. 13.44 lac for trading of ERs from 26/9/2001 till 31/12/2006
|
15. |
0.7 MW wind power in Maharashtra |
Textile |
Yearly. On delivery from the DoC |
- Payment of about Rs. 11.50 lac for trading of ERs from 31/7/2001 till 31/12/2006
|
16. |
0.7 MW wind power in Maharashtra |
Textile |
Yearly. On delivery from the DoC |
- Payment of about Rs. 11.16 lac for trading of ERs from 31/7/2001 till 31/12/2006
|
17. |
0.8 MW wind power in Rajasthan |
Chemical & Mineral |
Yearly. On delivery from the DoC |
- Payment of about Rs. 1.53 lac for trading of ERs from 29/3/2006 till 31/12/2006
|
18. |
0.5 MW wind power in Tamilnadu |
Engineering |
Yearly. On delivery from the DoC |
- Payment of about Rs. 1.71 lac for trading of ERs from 30/3/2006 till 31/12/2006
|
19. |
0.8 MW wind power in Karnataka |
Gems Processing |
Yearly. On delivery from the DoC |
- Payment of about Rs. 2.47 lac for trading of ERs from 31/3/2006 till 31/12/2006
|
20. |
1.05 MW wind power in Maharashtra |
Distillery |
Yearly. On delivery from the DoC |
- Payment of about Rs. 13.19 lac for trading of ERs from 31/7/2001 till 31/12/2006
|
21. |
0.6 MW wind power in Maharashtra |
Agri |
Yearly. On delivery from the DoC |
- Payment of about Rs. 8.5 lac for trading of ERs from 30/3/2002 till 31/12/2006
|
22. |
0.5 MW wind power in Tamilnadu |
Handicraft |
Yearly. On delivery from the DoC |
- Payment of about Rs. 1.58 lac for trading of ERs from 30/3/2006 till 31/12/2006
|
23. |
0.460 MW wind power in Karnataka |
Foundry |
Yearly. On delivery from the DoC |
- Payment of about Rs. 12.39 lac for trading of ERs from 26/9/2001 till 31/12/2006
|
24. |
0.350 MW wind power in Maharashtra |
Trading |
Yearly. On delivery from the DoC |
- Payment of about Rs. 5.40 lac for trading of ERs from 21/09/2001 till 31/12/2006
|
25. |
0.6 MW wind power in Karnataka |
Individual |
Yearly. On delivery from the DoC |
- Payment of about Rs. 7.13 lac for trading of ERs from 27/3/2004 till 31/12/2006
|
26. |
0.6 MW wind power in Karnataka |
Individual |
Yearly. On delivery from the DoC |
- Payment of about Rs. 7.20 lac for trading of ERs from 24/3/2004 till 31/12/2006
|
27. |
1.90 MW wind power in Maharashtra & Karnataka |
|
Yearly. On delivery from the DoC |
- Payment of about Rs. 26.40 lac for trading of ERs from 01/1/2002 till 31/12/2006
|
28 |
0.6 MW wind power in Karnataka |
Packaging |
Yearly. On delivery from the DoC |
- Payment of about Rs. 7.13 lac for trading of ERs from 24/3/2004 till 31/12/2006
|
29. |
0.6 MW wind power in Maharashtra |
|
Yearly. On delivery from the DoC |
- Payment of about Rs. 1.50 lac for trading of ERs from 31/3/2006 till 31/12/2006
|
30. |
0.35 MW wind power in Maharashtra |
Individual |
Yearly. On delivery from the DoC |
- Payment of about Rs. 4.10 lac for trading of ERs from 12/7/2001 till 31/12/2006
|
31. |
0.8 MW wind power in Rajasthan |
Gum & Chemicals |
Yearly. On delivery from the DoC |
- Payment of about Rs. 1.78 lac for trading of ERs from 29/3/2006 till 31/12/2006
|
32. |
0.8 MW wind power in Rajasthan |
Gaur Gum |
Yearly. On delivery from the DoC |
- Payment of about Rs. 1.56 lac for trading of ERs from 29/3/2006 till 31/12/2006
|
33. |
0.6 MW wind power in Maharashtra |
Starch |
Yearly. On delivery from the DoC |
- Payment of about Rs. 10.42 lac for trading of ERs from 30/3/2002 till 31/12/2006
|
34. |
0.6 MW wind power in Maharashtra |
Sugar |
Yearly. On delivery from the DoC |
- Payment of about Rs. 10.95 lac for trading of ERs from 30/3/2002 till 31/12/2006
|
35. |
0.350 MW wind power in Maharashtra |
Textile |
Yearly. On delivery from the DoC |
- Payment of about Rs. 5.76 lac for trading of ERs from 27/9/2001 till 31/12/2006
|
36. |
1.6 MW wind power in Maharashtra |
Engineering |
Yearly. On delivery from the DoC |
- Payment of about Rs. 14.42 lac for trading of ERs from 01/01/2002 till 31/12/2006
|
37. |
0.350 MW wind power in Maharashtra |
Textile |
Yearly. On delivery from the DoC |
- Payment of about Rs. 5.89 lac for trading of ERs from 27/9/2001 till 31/12/2006
|
38. |
0.350 MW wind power in Maharashtra |
Textile |
Yearly. On delivery from the DoC |
- Payment of about Rs. 6.35 lac for trading of ERs from 27/9/2001 till 31/12/2006
|
39. |
1.10 MW wind power in Tamilnadu |
Textile |
Upfront + Yearly |
- Upfront payment of about Rs. 32.50 lac for trading of 7 years ERs
|
40. |
1.25 MW wind power in Karnataka |
Jewelers |
Upfront + Yearly |
- Upfront payment of about Rs. 30 lac for trading of 7 years ERs
|
41. |
1.25 MW wind power in Tamilnadu |
Paper |
Upfront + Yearly |
- Upfront payment of about Rs. 31 lac for trading of 7 years ERs
|
42. |
0.60 MW wind power in Maharashtra |
Dye Manufacturing |
Upfront + Yearly |
- Upfront payment of about Rs. 20 lac for trading of 7 years ERs
|
43. |
0.60 MW wind power in Tamilnadu |
Textile |
Upfront + Yearly |
- Upfront payment of about Rs. 19 lac for trading of 7 years ERs
|
44. |
0.80 MW wind power in Tamilnadu |
Textile |
Upfront + Yearly |
- Upfront payment of about Rs. 21.50 lac for trading of 7 years ERs
|
45. |
1.50 MW wind power in Maharashtra |
Tobaco Products & Real Estate |
Upfront + Yearly |
- Upfront payment of about Rs. 44 lac for trading of 7 years ERs
|
46. |
0.60 MW wind power in Maharashtra |
|
Upfront + Yearly |
- Upfront payment of about Rs. 20 lac for trading of 7 years ERs
|
47. |
0.35 MW wind power in Rajasthan |
Gaur Gum Trading |
Upfront + Yearly |
- Upfront payment of about Rs. 5.5 lac for trading of 7 years ERs
|
48. |
0.35 MW wind power in Rajasthan |
Gaur Gum Trading |
Upfront + Yearly |
- Upfront payment of about Rs. 5.5 lac for trading of 7 years ERs
|
49 |
1.25 MW wind power in Maharashtra |
Trading |
Upfront + Yearly |
- Upfront payment of about Rs. 30 lac for trading of 7 years ERs
|
50. |
1.25 MW wind power in Maharashtra |
Manufacturing & Trading |
Upfront + Yearly |
- Upfront payment of about Rs. 35 lac for trading of 7 years ERs
|
51. |
1.25 MW wind power in Maharashtra |
Construction |
Upfront + Yearly |
- Upfront payment of about Rs. 35 lac for trading of 7 years ERs
|
52. |
1.25 MW wind power in Maharashtra |
Hotel |
Upfront + Yearly |
- Upfront payment of about Rs. 35 lac for trading of 7 years ERs
|
53. |
2.50 MW wind power in Maharashtra |
Construction |
Upfront + Yearly |
- Upfront payment of about Rs. 70 lac for trading of 7 years ERs
|
54. |
0.60 MW wind power in Maharashtra |
Export House |
Upfront + Yearly |
- Upfront payment of about Rs. 35 lac for trading of 7 years ERs
|
55. |
0.60 MW wind power in Maharashtra |
Construction |
Upfront + Yearly |
- Upfront payment of about Rs. 20 lac for trading of 7 years ERs
|
56. |
0.35 MW wind power in Rajasthan |
Showroom |
Upfront + Yearly |
- Upfront payment of about Rs. 6.40 lac for trading of 7 years ERs
|
57. |
3.7 MW wind power in Maharashtra |
PP Bag Manufacturing |
Yearly. On delivery from the DoC |
- Payment of about Rs. 13 lac for trading of ERs from 6/3/2006 till 31/5/2007
|
58. |
8 MW wind power in Karnataka & Rajasthan |
Engineering |
Yearly. On delivery from the DoC |
- Payment of about Rs. 33.30 lac for trading of ERs from 1/4/2006 till 31/3/2007
|
59. |
20.85 MW wind power in Maharashtra |
Automobile |
Yearly. On delivery from the DoC |
- Payment of about Rs. 1524.12 lac for trading of ERs from 18/4/2001 till 31/03/2007
|
60. |
1.5 MW Link canal Mini Hydel Project in Karnataka |
Graphite Manufacturing |
Yearly. On delivery from the DoC |
- Payment of about Rs. 49.89 lac for trading of ERs from 10/9/2003 till 31/5/2007
|
61. |
1.5 MW Biomass / Bagasse based Cogen Project in Maharashtra |
Chemicals |
Yearly. On delivery from the DoC |
- Payment of about Rs. 61 lac for trading of ERs from 1/1/2006 till 31/12/2006
|
10.1 MITCON has provided / is providing emission trade consultancy services to following projects as per applicable methodologies published by UNFCCC, engaging in-house technical skills and after undertaking CDM feasibility studies for these projects.
10.4 MITCON works hand in hand with various stakeholders among different industry sectors. These stakeholders primarily include respective Ministries at Central and State Government level, industrial associations, productivity councils, bi-lateral agencies, financial institutions, NGOs, CER / VER buyers and other related organizations.
MITCON has tie ups with reputed international level financial institutions, banks, buyers and environmental brokerage companies in Annex 1 countries for commercialization of CERs / VERs. Some of them are –
