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IOC terminates green hydrogen tender again after prospective buyers' uninterest Information

.3 minutes read Final Improved: Aug 06 2024|1:15 PM IST.State-run Indian Oil Organization Ltd (IOCL) has actually taken out a tender for building India's very first eco-friendly hydrogen vegetation at its Panipat refinery in Haryana for the 2nd time, the Economic Times is stating.IOCL, on Monday, denoted the tender as "cancelled" on its own site. The tender was actually taken as a result of merely obtaining two proposals, the report stated mentioning sources. Recently, it had been actually stated that the bidders were actually GH4India as well as Noida-based Neometrix Engineering.This tender was noteworthy as it denoted India's 1st project into identifying the price of fresh hydrogen using very competitive bidding process.GH4India is a joint project just as owned through IOCL, ReNew Energy, and Larsen &amp Toubro.The cancellation of initial tender.In August in 2013, IOCL had actually welcomed bids for establishing a green hydrogen production device along with a capacity of 10,000 tonnes per year at its Panipat refinery. This device was actually aimed to become constructed, owned, and ran for 25 years.According to the tender terms, the winning prospective buyer was actually required to start hydrogen gas shipment within 30 months of the venture's award. The task involved a 75 MW electrolyser ability to create 300 MW of well-maintained energy, along with a general capital expenditure predicted at $400 thousand.However, sector participants highlighted many stipulations in the offer document that seemed to favour GH4India. The first tender was actually supposedly called off after a sector association filed a claim in the Delhi High Court, claiming that some of its conditions were anti-competitive as well as influenced towards GH4India.Dealing with dark-green hydrogen cost.This initiative was actually targeted at being actually India's very first try to create the cost of green hydrogen with a bidding process. Regardless of preliminary interest coming from leading engineering as well as commercial gas companies, numerous performed not send offers, reflecting the result of the previous year's tender. That earlier tender likewise encountered legal obstacles because of allegations of anti-competitive methods.IOCL clarified that the 2nd tender process featured a number of extensions to allow bidders sufficient time to submit their proposals.Around 30 companies gotten pre-bid files in May, including Indian agencies like Inox-Air Products, Acme, Tata Projects, and also NTPC, as well as global providers such as Siemens, Petronas/Gentari, and EDF. The technological proposals were actually recently opened, along with the time for the cost quote announcement however to be determined.Why were actually bidders anxious.Possible prospective buyers have actually raised worries concerning the qualification criteria, especially the requirement for expertise in functioning hydrogen units, EPC, and electrolysers. The standards stated that an experienced bidder must possess EPC experience and also have actually run a refinery, petrochemical, or fertilizer factory for a minimum of year.This led some possible bidders to ask for deadline extensions to form shared projects along with industrial fuel developers, as just a restricted lot of companies have the essential range and expertise.First Released: Aug 06 2024|1:15 PM IST.