Annual Report 2016-17, pg 158-159

" The Company has Clean Development Mechanism (CDM) projects registered with United Nations Framework Convention on Climate Change (UNFCCC). Tata Power currently has five of its renewable projects registered under the CDM program by UNFCCC. These projects include Wind Projects at Gadag, Karnataka, Khandke, Maharashtra, Samana and NewGen Saurashtra in Gujarat. The Company also has Mithapur Solar Project registered under CDM. In FY 2016-17, volume of 2,34,650 Carbon Credits (CERs) were traded from these projects collectively. The gross revenue generated from such sale is ` 10.90 crore."

Sustainability Report 2015-16, pg 36

"CDM is an instrument established under the Kyoto Protocol to achieve both sustainable development and contribute to the cost-effective mitigation of climate change. It allows countries with emission reduction commitments to meet part of their reduction abroad, where greenhouse gas (GHG) abatement costs can be lower. The company has Clean Development Mechanism (CDM) projects registered with United Nations Framework Convention on Climate Change (UNFCCC). Tata Power currently has five of its renewable projects registered under the CDM program by UNFCCC. These projects include Wind projects at Gadag (Karnataka), Khandke (Maharashtra), Samana and NewGen Saurashtra (Gujarat). The Company also has Mithapur Solar project registered under CDM. In FY 2015-16, total of 1,15,249 Carbon Credits (CERs) were traded from these projects combined. The gross revenue generated from such sale is ~ INR 10.66 Crores.Also, the company's Joint-Venture of 120 MW Itezhi Tezhi Hydro Power Project in Zambia has received CDM approval from UNFCCC. The total emission reductions from the project are estimated to be 5,892,480 tCOe over a 10 year 2crediting period."