NTPC Seeks Bids for Carbon Credits from Wind and Solar Projects

21 Aug 2024 CW Team

NTPC Green Energy has announced a tender for the sale of 100,000 carbon credits from Verified Carbon Standard (VCS)-registered wind and solar projects with a combined capacity of 610 MW.

The deadline for bid submissions is September 12, 2024, and the bids will be opened on September 13.

Bidders are required to provide a lump sum price for the 100,000 carbon credits, excluding the issuance fee payable to the VERRA/VCS Board and other relevant charges and taxes. NTPC will enter into an Emission Reduction Purchase Agreement (ERPA) with the bidder selected.

The sale is open to all reputable domestic companies that are registered and operating in India. Interested parties can acquire the carbon credits from NTPC Green?s VCS-registered projects based on the price determined through competitive bidding.

Bidders must have experience in purchasing and selling carbon credits within the last three years. They should either maintain an active account at the VERRA registry for the transfer of Verified Emission Reductions (VERs) or provide a commitment for the VERs to be transferred to a valid VERRA account held by a third party.

The Verified Carbon Standard Program, which is managed by US-based VERRA, is one of the most commonly used greenhouse gas crediting programs.

Additionally, bidders must have an average annual turnover of at least Rs 8 million over the past three financial years and a net worth that is no less than 100 per cent of their paid-up share capital.

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