REC Power Development & Consultancy (RECPDCL) has invited expressions of interest (EoI) to empanel agencies to support verification and validation work under the Indian Carbon Market.

The last date to submit the bids is May 22, 2026. Bids will be opened on the same day.

The tender seeks to create a panel of agencies capable of providing qualified personnel for carbon market assignments. RECPDCL plans to expand its services into carbon markets as an Accredited Carbon Verification Agency. The agencies will support RECPDCL by deploying verifiers, sector experts, and technical experts.

For compliance mechanism assignments, the agencies will deploy qualified personnel to verify greenhouse gas emissions, greenhouse gas emission intensity, monitoring plans, greenhouse gas inventories, reported data, emission factors, calculation methodologies, and conformity with applicable procedures under the Carbon Credit Trading Scheme.

For offset mechanism assignments, the agencies will deploy qualified personnel to validate or verify project activities. The work may include reviewing project design, baseline scenarios, technology used, greenhouse gas quantification methodologies, monitoring reports, emission factors, technical parameters, approved methodologies, and relevant standards.

RECPDCL may also ask agencies to depute verifiers or team members on a full-time basis for a defined period. During such deputation, the employee must remain exclusively available to RECPDCL for verification or validation work under RECPDCL’s supervision and control. The payroll and statutory employment relationship will remain with the agency.

The empanelment will remain valid for two years from the date of the letter of empanelment. RECPDCL may extend it by one additional year on mutually agreed terms.

RECPDCL may empanel up to ten agencies per sector. The company reserves the right to relax this cap during the empanelment period.

The EoI covers both compliance and offset mechanisms under the Indian Carbon Market.

The compliance mechanism covers verification of greenhouse gas emissions and greenhouse gas emission intensity of obligated entities. Eligible sectors under this mechanism are aluminum, cement, chlor-alkali, fertilizer, iron and steel, petrochemical, petroleum refinery, pulp and paper, and textile.

The offset mechanism covers validation and verification of project activities by non-obligated entities for registration and carbon credit issuance. Eligible sectors under this mechanism are energy, industries, agriculture, waste handling and disposal, forestry, transport, construction, fugitive emissions, solvent use, and carbon capture utilization, storage, and other removals.

Applicants may apply for one sector or multiple sectors under the relevant mechanism. They must indicate the specific sectors in their applications and provide personnel details and supporting documents for the selected mechanism and sector scope.

The EoI does not cover lead verifier or team lead positions. The proposed personnel will serve only as team members, verifiers, sector experts, or technical experts.

For compliance mechanism work, agencies must provide at least two verifiers as team members and at least one sector expert per selected sector. For offset mechanism work, agencies must provide at least two verifiers as team members and at least one technical expert per selected sector.

Bidders must have a minimum annual turnover of ₹2 million (~$21,001)/annum in at least one of the previous three financial years.

Newly formed companies or firms incorporated within the last three years from the date of application must have a net worth of at least ₹2 million (~$21,001).

In September last year, the Ministry of Environment, Forest, and Climate Change constituted the National Designated Authority to implement Article 6 of the Paris Agreement and establish mechanisms for carbon markets.

The Central Electricity Regulatory Commission (CERC) recently proposed a framework for the purchase and sale of carbon credit certificates under the Carbon Credit Trading Scheme, 2023.