Chennai Petroleum Corporation Floats Tender For 100 MW Round-The-Clock Renewable Energy Pre-Feasibility Study

Chennai Petroleum Corporation Limited (CPCL), a group company of Indian Oil and a leading public-sector refining firm, has invited bids for a comprehensive pre-feasibility study to assess the supply of 100 MW Round-the-Clock (RTC) renewable energy. The proposed study will examine the integration of wind and solar power plants to meet the energy needs of CPCL’s Manali refinery. The initiative supports the company’s long-term sustainability strategy, including its net-zero targets and efforts to reduce overall energy costs.

The proposed project will be implemented in two phases. Phase-1 will focus on supplying 50 MW of RTC renewable energy, while Phase-2 will cover the remaining 50 MW of RTC capacity. The selected consultant will study CPCL’s current and future power demand and evaluate suitable renewable energy configurations. The assignment also includes a review of regulatory frameworks and identification of the most viable business model. Options such as captive, group-captive, or a joint venture structure will be examined to determine the most effective approach.

As part of the scope, the consultant must provide a detailed cost estimate with an accuracy of plus or minus 10 percent. A complete financial analysis will also be required, including calculations of Net Present Value (NPV) and Internal Rate of Return (IRR). The aim is to help CPCL make informed investment decisions based on technical feasibility and financial viability.

The tender will follow a two-bid system consisting of a Techno-Commercial bid and a Price bid. Evaluation will be conducted under the Quality and Cost Based Selection (QCBS) method, where technical quality carries a 70 percent weightage, and the financial quote carries 30 percent. Bidders must secure at least 70 marks out of 100 in the technical evaluation to qualify for the opening of the financial bid.

The tender number is CPCLV26038. An Earnest Money Deposit (EMD) of ₹30,000 is required. Although the primary notice does not explicitly mention a Performance Bank Guarantee, it states that EMD in the form of a Bank Guarantee is acceptable for amounts not less than ₹1,00,000. The pre-bid meeting is scheduled for February 19, 2026, at 11:00 AM via Microsoft Teams. The completion period for the study is 10 weeks from the date of issuance of the Fax of Acceptance or Letter of Award.

Bidders must have a minimum audited annual turnover of ₹18 lakh in any one of the last three financial years and prior advisory experience in plant sizing totaling at least 500 MW over the past ten years. Joint bids or consortiums are not permitted, and submissions must be made through the official CPCL e-tender portal.