M&V Agency

i. The M&V Agency should have at least one BEE Certified Energy Auditor/Certified Energy Manager/Certified M&V Professional on the team (including Team Leader of the bidding entity with minimum 15 years of experience each)

ii. The M&V Agency should have minimum 5 years of experience in the energy sector (energy efficiency and audit) since its inception and profitable for a minimum of last three years. The team should have a minimum of 5 full-time, permanent personnel.

iii. The turnover of the M& V agency should be in excess of Rs. 1 Crore in the previous three financial years. Also it should have made profits for atleast two years during last three financial years.

iv. Preferably, the M&V Agency should have multiple (more than one) offices across India

v. The M&V Agency should provide its incorporation type and registration number. The M&V Agency should establish that it’s incorporation guidelines does not prohibit it from undertaking role mentioned in clause 3.17.2 of this OM. The M&V agency should not have any kind of relation with ESCO and Facility owner during last three years.

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