DMRC floats bid to provide consulting, verification, and issuance of carbon credit services

The qualified consultant must finish the previous work within a year of issuing the Letter of Acceptance (LOA).

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NEW DELHI (Metro Rail News): The Delhi Metro Rail Corporation Limited (DMRC) is seeking proposals from qualified consultants and agencies to provide consulting, verification, and issuance of carbon credit services on a fixed-price model basis.

The agency will be in charge of consulting. For the projects listed below, verification, issuance of carbon credits (VERS), and sale of those credits

Monitoring Period: January 1, 2014, to December 31, 2021 (GS 1246)

Monitoring Period for GS 4634: From June 1 2019, to May 31 2022, and

Monitoring Period: January 1, 2019, through December 31, 2021, GS 5204

The scope of work includes

The transition of DMRC’s GS Projects to GS4GG requirements

Preparation of monitoring report as per GS4GG requirements

Appointment of DOE, Submission of Draft Verification Report, Closure of CL. DOE raised CAR and FAR on the monitoring report and Submission of the Final Verification Report.

Issuance of VERS from DMRC’s GS Projects and Selling of VERS to interested buyers at a mutually agreed price per VER.

The consultant will pay the total cost of the projects above and submit a net price per VER for each project. In addition, the consultant must finish the previous work within a year of issuing the Letter of Acceptance (LOA).
The consultant chosen as a finalist for the three Delhi Metro GS Projects will receive 66,000 VERS. After the projects have been verified, the VERS may rise or fall.

On or before December 16, 2022, interested and qualified organisations may send their proposals to Executive Director/Environment, Delhi Metro Rail Corporation Limited, Regional Office, Mayur Vihar Phase-1, New Delhi-110091, in a single sealed envelope.

The quotations and offers will be presented at 15:30 that same day.

The Clean Development Mechanism (CDM), a project-based greenhouse gas offset mechanism under the Kyoto Protocol, allows the public and private sectors in high-income countries to buy carbon credits from greenhouse gas emission reduction projects in low- or middle-income countries as part of their efforts to meet international environmental standards. In 2007, Delhi Metro Rail Corporation became the first metro railway project registered under the CDM by the United Nations (UN).

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