Hindustan Petroleum Corporation Limited (HPCL) invites bids for the annual supply of 5,000 tons (5 KTPA) of green hydrogen to its Visakh refinery, covering a period of 25 years. The submissions HPCL Invites Bids is set for January 21, 2025.
Bidders must provide an earnest money deposit of ₹10 million. To be eligible, bidders should have a minimum net worth of ₹750 million as of the last financial year and an annual turnover of at least ₹1 billion in one of the preceding three financial years.
Relevant experience in executing projects in the oil and gas or power sectors is also necessary. Bids may be submitted by individual companies or consortiums, with each consortium member required to hold at least twenty-six percent of the shares.
Moreover, bidders will need to select the project site, acquire the necessary land, and construct the green hydrogen generation unit (GHGU), which will consist of electrolysers, power systems, and purification units.
The successful developer will also be responsible for conducting surveys, connecting pipelines from the GHGU to HPCL’s refinery, managing rights of way, and ensuring integration with HPCL’s hydrogen distribution network.
Bidders have the option to develop their own renewable energy projects or secure power through power purchase agreements to fulfill the energy requirements of the GHGU.
As reported by renewablewatch.in, they must obtain all relevant statutory approvals, comply with local regulations, and meet safety standards. The operator will be tasked with the operation and maintenance of the GHGU, ensuring a continuous supply of green hydrogen.
