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MPPMCL Seeks Consultants For Trading Rooftop Solar Projects Carbon Credits

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Madhya Pradesh Power Management Company (MPPMCL) has published an expression of interest (EoI) seeking bids from consultants for the registration, validation, verification, issuing, purchasing and selling of eligible carbon credit from rooftop photovoltaic projects in Madhya Pradesh. The deadline for proposal submissions is April 4, 2022.

This proposal is only open to consultants who have past experience implementing carbon credit scoring projects. Bidders must have a minimum of one year of experience working for a national government, a global government, or a private entity purchasing and selling carbon credits.

On the basis of responses received, conversation sessions for bidders to present their offers can be scheduled. 

Following an interpretation of the current carbon credit program, accounting needs, and preliminary commercial profit to MPPMCL, a second tender for employing a consultant will be launched.

Bidders must advise MPPMCL officials of any current global carbon credit scoring programs, accounting regulations, or other related items. 

Bidders shall submit to MPPMCL the anticipated business benefits from revenues on carbon credit and recommend the most appropriate carbon credit score program based on their appraisal of market circumstances and MPPMCL’s main requirements.

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The primary purpose of the MPPMCL through this tender is to benefit from carbon credits generated by rooftop photovoltaic installations under net metering and gross metering by several DISCOMs around the state. 

The tender is to provide an opportunity for all possible firms, consultants, and merchants to exhibit business situations related to carbon credit in the state of Madhya Pradesh and to provide details of their services provided on the given scope.

According to the recently released Mercom India Rooftop Solar Market Report Q4 and Annual 2021, Madhya Pradesh has installed 400 MW of rooftop photovoltaic capacity by the end of 2021.

Satluj Jal Vidyut Nigam Ltd (SJVN), a state-owned company, has completed a tender for manufacturing carbon credits from its hydropower business, which was won by a joint venture of Creduce Technologies and Hydel Construction. From SJVN’s project, the venture plans to generate more than 80 million carbon credits.

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