Indian Oil Corporation Tenders for 10-KTA Green Hydrogen Unit at Panipat Refinery

The Indian Oil Corporation (IOC) has issued a tender for a 10-KTA Green Hydrogen Generation Unit (GHGU) at its Panipat Refinery Petrochemical Complex on a build-own-operate (BOO) basis.The initial delivery of hydrogen gas is anticipated within 30 months from the date of award.

The deadline for bid submission is April 22, 2024, with bids to be opened the following day.

Bidders are required to provide an earnest money deposit of ₹5.49 crore.

Participation in a joint venture/consortium is permitted. Applicants must have experience in constructing and operating projects with hydrogen handling facilities in specific sectors within the past 12 years, either on a BOO or build-own-operate-transfer (BOOT) basis, with the project being in commercial operation for at least one year. Experience in sectors with hydrogen handling facilities includes refinery units, petrochemical units, fertilizer units, hydrogen generation units, power projects, and water electrolysis-based hydrogen units.

Bidders must have completed an Engineering, Procurement, Construction, and Commissioning (EPCC) contract for a new plant with hydrogen handling facilities in the specified sectors and possess at least one year of operational experience with such plants.

Qualification as a qualified electrolyser manufacturer (QEM) is required, or confirmation from a QEM willing to participate in the project. Bidders must also be renewable power producers with a minimum installed capacity of 150 MW, or if purchasing renewable power from a third party, the third party should meet specific criteria.

A minimum combined capital investment or executed purchase orders for engineering, procurement, construction, and commissioning jobs totalling ₹1082 crore is required for new plants in the refinery, petrochemical, fertilizer, or power sector within the last 12 years, with a maximum of five plants considered for calculation.

The bidder, its parent, holding company, promoter, partner, constituents, affiliates, or consortium/JV members must have a minimum average annual turnover of ₹260 crore, excluding GST, in at least one of the immediate three preceding financial years.