+
NTPC Seeks Bids for Carbon Credits from Wind and Solar Projects
POWER & RENEWABLE ENERGY

NTPC Seeks Bids for Carbon Credits from Wind and Solar Projects

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.

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.

Next Story
Infrastructure Urban

GRM Overseas Reports Q1 FY26 Results; Strengthens Global & Domestic Presence

GRM Overseas has announced its unaudited financial results for the quarter ended 30 June 2025. The company reported a positive performance in terms of margins and profitability, despite topline pressures from global geopolitical challenges.Atul Garg, Managing Director, said:"We have maintained healthy margins and profitability while navigating short-term headwinds. Our focus remains on expanding our product portfolio, enhancing brand visibility, and deepening our distribution network. Internationally, we continue to hold a strong position in the Basmati rice export market, particularly in the ..

Next Story
Infrastructure Urban

Zuari Industries Posts Q1 FY26 Revenue Growth; PAT Turns Positive

Zuari Industries has announced its audited financial results for the quarter ended 30 June 2025.On a standalone basis, the company reported Revenue from Operations of Rs 2.10 billion and Operating EBITDA of Rs 220.4 million. Standalone Profit Before Tax (PBT), before exceptional items, stood at Rs 90 million.On a consolidated basis, Revenue rose 10.5 per cent year-on-year to Rs 2.67 billion, while Profit After Tax (PAT) stood at Rs 50 million compared to a loss of Rs 330.6 million in Q1 FY25.Segment HighlightsSugar, Power & Ethanol: Operations were impacted by an early mill closure due to ..

Next Story
Infrastructure Urban

Karnataka Bank Reports Q1 FY26 Net Profit of Rs 2.92 Bn

Karnataka Bank has announced a net profit of Rs 2.92 billion for the first quarter of FY26, compared to Rs 4 billion in Q1 FY25. The results were approved at the Board of Directors meeting held on 13 August 2025 at the Bank’s headquarters in Mangaluru.Asset Quality & Capital AdequacyGross NPA: 3.46 per cent, improved from 3.54 per cent in Q1 FY25.Net NPA: 1.44 per cent, down from 1.66 per cent in Q1 FY25.Capital Adequacy Ratio (CAR): 20.46 per cent, up from 17.64 per cent in Q1 FY25.Announcing the results, Raghavendra S Bhat, Managing Director & CEO, said:"The Bank has registered a m..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?