EKI Energy to Provide Carbon Credit Services in Azerbaijan
By Rediff Money Desk, New Delhi May 27, 2024 15:19
EKI Energy Services will provide carbon credit services to clients of Azerbaijan-based FARI Solutions, focusing on conceptualization, verification, and trading of carbon credits.
New Delhi, May 27 (PTI) EKI Energy Services on Monday said it will provide carbon credit services for clients of Azerbaijan-based FARI Solutions as part of an agreement.
Its responsibilities will include conceptualisation, documentation, verification, issuance, and trading of carbon credits, Indore-based EKI said in a statement.
Carbon credit -- which an entity earns by decarbonising its operations -- is a growing market the world over.
EKI Energy Services announces a collaboration with FARI Solutions, a leader in blockchain research and development operating across North America, Europe, and Eurasia, including Azerbaijan, the statement said.
"EKI will act as a strategic associate for FARI Solutions, managing the entire carbon credit process for its clients in the Azerbaijan region," it said.
FARI Solutions will bring new business opportunities to EKI and assist in supplying the necessary documentation and coordinating with clients, as per the statement.
EKI Energy Services Chairman and Managing Director Manish Dabkara said, "We are excitedly looking forward to this journey with FARI Solutions, leveraging our collective expertise to advance sustainable energy initiatives in Azerbaijan.
Its responsibilities will include conceptualisation, documentation, verification, issuance, and trading of carbon credits, Indore-based EKI said in a statement.
Carbon credit -- which an entity earns by decarbonising its operations -- is a growing market the world over.
EKI Energy Services announces a collaboration with FARI Solutions, a leader in blockchain research and development operating across North America, Europe, and Eurasia, including Azerbaijan, the statement said.
"EKI will act as a strategic associate for FARI Solutions, managing the entire carbon credit process for its clients in the Azerbaijan region," it said.
FARI Solutions will bring new business opportunities to EKI and assist in supplying the necessary documentation and coordinating with clients, as per the statement.
EKI Energy Services Chairman and Managing Director Manish Dabkara said, "We are excitedly looking forward to this journey with FARI Solutions, leveraging our collective expertise to advance sustainable energy initiatives in Azerbaijan.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.89 (+ 4.71)
- 64114206
- Jaiprakash Power Ven
- 22.75 (+ 2.71)
- 37066939
- AvanceTechnologies
- 0.90 (+ 4.65)
- 19976583
- Vodafone Idea L
- 9.34 (+ 1.63)
- 18058992
- Spicejet Ltd.
- 67.13 (+ 2.08)
- 15064431
MORE NEWS
Ratan Tata's Associate Bids Farewell: A...
Shantanu Naidu, a long-time associate of Ratan Tata, bids adieu to the industrialist,...
Ratan Tata: Auto Industry Icon Passes Away at 86
Ratan Tata, former Tata Group chairman, passed away at 86. Auto industry leaders hail...
Tata Group Stocks Surge on Ratan Tata's Passing
Tata Group stocks rose significantly following the passing of Ratan Tata. Tata...