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IDBI's Tie-Ups
 

IDBI has entered into formal arrangements with multi-lateral agencies, buyers of carbon credits, technical experts like ……

IFC, WashingtonPrivate sector arm of World Bank; Carbon Finance Unit – IFC's in-house resource for all carbon finance related issues with professional staff to assist project sponsors to access the carbon credit market; Manages bilateral carbon facilities with the arrangement that IFC will purchase carbon credits for the benefit of Government of Netherlands under the international emissions reduction transfer rules of Kyoto Protocol

KfW, Germany – KfW Bankengruppe ranks among the top ten banks in Germany with a AAA rating. As a promotional bank of the Federal Republic in Germany, KfW makes a significant contribution to environmental protection. KfW has launched a fund called "KfW Carbon Fund" as a purchase programme for emission certificates according to project based mechanisms (CDM/JI) of Kyoto Protocol, in cooperation with the Federal German Government.

Sumitomo Corporation, Japan - A diversified company belonging to the Sumitomo Corporation Group, Japan. The Group is engaged in various domestic and overseas transactions, import and export of a wide range of goods and commodities, providing a wide range of services, investing in metals, transportation and construction systems, machinery and electricity, media, electronics and network, chemicals, mineral resources and energy, consumer goods and services, materials and real estate, and finance and logistics. Under the Kyoto Protocol, Japan has target of reducing the emissions by 6%. Sumitomo is an active participant in the carbon credit market as a compliance buyer. Sumitomo became the first organization in Japan to purchase the carbon credits from hydrofluorocarbon emission reductions from an India based project. Sumitomo is also working on developing renewable energy, Biogas, HFC projects in non-Annex – I countries to get the benefit of carbon credits under CDM for the use of the emission reductions by the group.

MITCON, India – MITCON promoted by IDBI, ICICI and other institutions, provides total consultancy services to existing & new entrepreneurs covering diverse industry sectors viz. Project Counseling (new / restructuring), preparation of Techno-Economic Feasibility Reports, Appraisals, Market Survey, Study Reports in various industry sectors, Evaluation Study, Project Engineering and Implementation Services. For over two decades MITCON has offered a range of comprehensive services to the business community. It has in-house expertise for preparing the various documents in the pre CDM project registration process and it takes project through the registration with the appointed validators and verifiers. MITCON has a team of ten CDM experts.

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