REC Power Development & Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has invited expressions of interest (EoI) from agencies to support verification and validation work under the Indian Carbon Market.
The company plans to build a panel of agencies that can provide qualified professionals for carbon market assignments. The last date for bid submission is May 22, 2026.
RECPDCL is preparing to expand its business operations into carbon markets as an Accredited Carbon Verification Agency. Under the proposed arrangement, empanelled agencies will provide verifiers, sector experts, and technical professionals for different assignments linked to carbon credit mechanisms.
The EoI includes work under both compliance and offset mechanisms of the Indian Carbon Market.
For compliance mechanism assignments, agencies will help in verifying greenhouse gas emissions, greenhouse gas emission intensity, monitoring plans, greenhouse gas inventories, reported emissions data, emission factors, and calculation methods. The work will also include checking compliance with procedures under the Carbon Credit Trading Scheme.
The compliance mechanism mainly focuses on obligated industries that are covered under India’s carbon trading framework. Eligible sectors include aluminum, cement, chlor-alkali, fertilizer, iron and steel, petrochemical, petroleum refinery, pulp and paper, and textile industries.
Under the offset mechanism, agencies will support validation and verification of project activities carried out by non-obligated entities for carbon credit registration and issuance. The assignments may involve reviewing project design documents, baseline scenarios, technologies used, greenhouse gas quantification methods, monitoring reports, and approved methodologies.
The offset mechanism covers sectors such as energy, industries, agriculture, waste handling and disposal, forestry, transport, construction, fugitive emissions, solvent use, carbon capture utilization, storage, and other removal activities.
India has been steadily moving toward developing a structured carbon market system. In September last year, the Ministry of Environment, Forest and Climate Change constituted the National Designated Authority for implementing Article 6 of the Paris Agreement and supporting carbon market mechanisms.
Recently, the Central Electricity Regulatory Commission (CERC) also proposed a framework for the purchase and sale of carbon credit certificates under the Carbon Credit Trading Scheme, 2023.
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