Date:08/08/2007 URL: http://www.thehindubusinessline.com/2007/08/08/stories/2007080851162100.htm

Back World Bank aid for Fal-G brick units

Our Bureau

Visakhapatnam, Aug. 7 The World Bank has sanctioned Rs 82 lakh to the Institute of Solid Waster Research and Ecological Balance (Inswareb) here for facilitating carbon credit (emission reduction) revenue, according to Mr N. Kalidas, the founder of the institute.

In a press release issued here, he said an agreement had been signed with the bank by Eco Carbon Private Ltd (ECPL), a firm floated by Inswareb, for eight lakh tonnes of carbon credits by 2015. Fal-G brick (flyash brick units) units would be encouraged under the scheme.

Initially, he said, 13 Fal-G brick units in the districts of Visakhapatnam, Vizianagaram, East Godavari, West Godavari and Krishna would get the financial assistance. The Chief Minister, Dr. Y.S Rajasekhara Reddy, would present the cheques to the units in Hyderabad on August 30.

Rs 1,000-cr turnover

He said that for the past 15 years, the institute had been disseminating knowledge of manufacturing flyash bricks, and so far over 5,000 units had been set up throughout the country. The turnover of these units, put together, would cross Rs 1,000 crore and over 60,000 were employed in the units.

According to an estimate, Mr Kalidas said, no fuel is burnt in the manufacture of Fal-G bricks as against over 200 tonnes of coal fired per each million clay bricks, generating over 380 tonnes of carbon credits.