Bhubaneswar Smart City (BSCL) has invited expressions of interest (EoI) from consultants to avail of carbon credit benefits from its renewable energy, energy efficiency, waste management, and other technology projects for the period of three years.

Bhubaneswar Smart City is a special purpose vehicle (SPV) established by the government of Odisha to plan, implement, manage, and operate the smart city development projects in the city. Through this tender, it intends to avail of the financial benefits related to the carbon credits trading derived from its various emission-reducing projects.

The last date to submit the bids is on April 16, 2022, and the bids will be opened on the same day.

The bidders need not pay any earnest money deposit (EMD) for this tender; however, they must pay a bid document fee of ₹2,360 (~$31.11).

The successful bidder must pay 3% of the total bid value as a performance bank guarantee (PBG) within 30 days from issuing the Letter of Award (LoA).

The selected bidder must provide consultancy services to develop carbon credit projects as per the eligibility criteria listed in any greenhouse gas (GHG) mitigation program, such as Clean Development Mechanism (CDM), Verified Carbon Standard (VCS), Gold Standard (GS), Global Carbon Council (GCC), and International Renewable Energy Certificates, and others.

The scope of work further extends to providing feasibility assessment of the emission-reducing projects as per the International Carbon Credit Mechanisms. The consultancy agency will also be responsible for the project design, validation, registration, monitoring, verification, issuance, and exclusive trading of the carbon credits for three years.

The bidding consultancy must be registered in India with at least seven years of experience in the carbon credits business. The bidders must have prior experience in executing a carbon credit project with a work scope of registration, verification, issuance, and sale of carbon credits to realize revenue with any smart city in India successfully.

Bidders must have finished at least one national government or international government carbon credit project in the last five years and traded carbon credits for at least one government organization in the past two years.

Bidders must have an annual turnover of ₹500 million ($6.62million) from carbon credits trading during the last year.

Himachal Pradesh Power Corporation (HPPCL) had recently issued a notice inviting tender from consultants for registration, monitoring, verification, issuance, and trading of carbon credits for 276 MW of hydropower and 5 MW of solar projects in the state.

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