NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Ltd., has invited Stage-II (Price) bids for the sale of 1,00,000 carbon credits from its wind and solar renewable energy projects registered under the Verified Carbon Standard (VCS) Program. The bidding process follows a two-stage format, with Stage-I (Techno-Commercial) bids already submitted and opened on November 13, 2024.
Interested bidders are required to submit their Stage-II (Price) bids online through the GePNIC e-tender portal by March 5, 2025, at 15:00 hours. The bids will be opened on the same day at 15:30 hours.
The sale is open to domestic companies registered under Indian laws. The carbon credits being offered are from renewable energy projects with emission reductions recorded for the years 2016 and 2017, totaling 1,00,000 Verified Emission Reductions (VERs). The sale price will be determined through competitive bidding.
The bidding process requires an earnest money deposit (EMD) of โน1,00,000, which must be submitted by all participants. The Performance Bank Guarantee (PBG) requirements are detailed in the bidding documents.
As part of the process, the successful bidder will enter into an Emission Reduction Purchase Agreement (ERPA) with NGEL. The agreement outlines the terms for purchasing the carbon credits, ensuring compliance with regulatory and financial commitments.
This initiative supports NTPC Green Energy Limitedโs commitment to promoting clean energy and leveraging carbon markets to drive sustainable development. The sale of these credits provides an opportunity for businesses to offset their carbon footprint while contributing to Indiaโs renewable energy expansion.
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