SJVN has issued a letter of award to EKI Energy Services, a carbon credits developer and supplier, for registering, issuing, purchasing, and trading the International Renewable Energy Certificate (I-RECs) for the 1,500 MW Nathpa Jhakri Hydro Power Station. The large-scale Nathpa Jhakri Hydroelectric Station is estimated to generate 5.75 million MWh annually and 5.75 million I-RECs. The net selling price after the deduction of all expenses is $0.20/IREC, and the revenue from the project is expected to be ₹100 million (~$1.2 million) per annum.