Joint Implementation
The carbon emission reduction due to building the Tsankov Kamak HPP is assessed at about 200,000 t CO2 (228,000 tons of СО2 including the four rehabilitation projects of the cascade). This credit is transferred to the Austrian carbon-credit program under the Joint Implementation Project mechanism which was agreed for the project within the framework of the Kyoto Protocol to partially meet the project costs. For the reduced emissions, Austria compensates Bulgaria at the rate US$10 per ton of carbon emissions. The Joint Implementation Project has two components, one is the Implementation of the Tsankov Kamak HPP and the other is the rehabilitation of the electro-mechanical components of the other four projects in the cascade development. Two more HPPs, the Vacha I and the Vacha II, with total installed capacity of 20.6 MW, are located in the lower part of the cascade.