World Bank funding for Fal-G units

Visakhapatnam, August 4, 2007

Grants $2.05 lakhs to Inswareb

The World Bank has granted $2.05 to the Institute of Solid Waste Research and Ecological Balance (Inswareb) for facilitating carbon credit revenue. Under the agreement singed by World Bank with Eco Carbon Pvt. Limited (ECPL), founder by city based Inswareb, an offer has been made for eight lakh tonnes of carbon credits by 2015 by encouraging Fal-G brick industry.

The amount received was pertaining to Bundle One, consisting of 13 Fab-G brick plants in Vizianagaram, Visakhapatnam, East Godavari, West Godavari and Krishna districts. The Chief Minister, Dr YS Rajasekhara Reddy will present the cheques to the units at Hyderabad on August 30, 2007. According to Kyoto protocol, Clean Development Mechanism will stimulate efforts in emission abatchment. The mechanism suits developing countries like India wherein industries conserving use of fossil fuel generating non conventional energy do qualify to generate emission reduction credits.

The founder of Inswareb, Kalidas said that disseminating the knowledge of manufacturing fly ash bricks for 15 years resulting to the promotion of over 5000 units throughout the country. The aggregate turnover has crossed over Rs.1,000 crore and jobs have been created for over 60,000 people.

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