New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has taken a significant step into India’s emerging carbon trading ecosystem by inviting Expressions of Interest (EoI) to empanel agencies for verification and validation work under the Indian Carbon Market.
The move marks RECPDCL’s formal entry into the rapidly expanding carbon credit market as it seeks to establish itself as an Accredited Carbon Verification Agency under the country’s evolving climate and sustainability framework.
Bid Submission Deadline: May 22, 2026
According to the tender notice, interested agencies must submit their bids by May 22, 2026.
The empanelled agencies will provide qualified professionals, including:
- Carbon verifiers
- Sector experts
- Technical experts
These specialists will assist RECPDCL in executing assignments related to both compliance and offset mechanisms under the Indian Carbon Market.
RECPDCL Plans to Expand into Carbon Market Services
RECPDCL intends to diversify its consulting portfolio by offering specialized carbon market services.
As an Accredited Carbon Verification Agency, the company will help validate and verify greenhouse gas (GHG) emissions, emission intensity, monitoring plans, project activities and methodologies required for issuing carbon credit certificates.
This strategic move aligns with India’s broader push toward climate finance, emissions reduction and sustainable development.
Compliance Mechanism: Verification of Industrial Emissions
Under the compliance mechanism, qualified agencies will verify:
- Greenhouse gas emissions
- GHG emission intensity
- Monitoring plans
- GHG inventories
- Reported data
- Emission factors
- Calculation methodologies
- Conformity with Carbon Credit Trading Scheme procedures
Eligible Sectors Under Compliance Mechanism
- Aluminium
- Cement
- Chlor-alkali
- Fertilizer
- Iron and steel
- Petrochemicals
- Petroleum refineries
- Pulp and paper
- Textile
These sectors are considered obligated entities under India’s carbon market framework.
Offset Mechanism: Validation of Carbon Credit Projects
The offset mechanism allows non-obligated entities to earn carbon credits by implementing projects that reduce or remove greenhouse gas emissions.
Empanelled agencies will validate and verify:
- Project design documents
- Baseline scenarios
- Technology deployment
- Quantification methodologies
- Monitoring reports
- Emission factors
- Technical parameters
- Approved standards
Eligible Sectors Under Offset Mechanism
- Energy
- Industry
- Agriculture
- Waste handling and disposal
- Forestry
- Transport
- Construction
- Fugitive emissions
- Solvent use
- Carbon capture, utilization and storage (CCUS)
- Other removal activities
India’s Carbon Market Framework Gains Momentum
India has been accelerating efforts to operationalize its domestic carbon trading ecosystem.
In September 2025, the Ministry of Environment, Forest and Climate Change constituted the National Designated Authority to implement Article 6 of the Paris Agreement and facilitate international and domestic carbon market mechanisms.
More recently, the Central Electricity Regulatory Commission proposed a framework governing the purchase and sale of carbon credit certificates under the Carbon Credit Trading Scheme, 2023.
Strategic Significance for REC and India
RECPDCL’s entry into the carbon credit market reflects the growing commercial opportunities associated with decarbonization and climate finance.
The initiative is expected to strengthen India’s carbon market infrastructure and provide greater institutional capacity to support emissions verification, project certification and carbon credit issuance.
As industries increasingly align with net-zero goals, public sector enterprises such as RECPDCL are positioning themselves to play a key role in the country’s green transition.
About RECPDCL
REC Power Development and Consultancy Limited (RECPDCL) is a wholly owned subsidiary of REC Limited under the Ministry of Power. It provides project management, consultancy, and advisory services for power sector development in India. RECPDCL plays a pivotal role in facilitating energy infrastructure projects, promoting efficiency, and supporting India’s transition to a robust, reliable, and sustainable power system.
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