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Central Government/Public Sector | Not Classified - india | PID: 202570
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Indian Oil Corporation (IOCL) will relaunch a tender to set up a green hydrogen production unit. The company also plans to establish units at all its refineries as part of a Rs 2.4 trillion green transition strategy to achieve net zero carbon emission by 2046
The cancelled tender had called for a 10 ktpa capacity unit to be set up on a build, own, operate, and transfer (BOOT) basis at the company’s Panipat refinery and petrochemicals complex
The previous tender, floated last year with the last date for submitting bids as 29 November had a 25-year contract period. As per the cancelled tender, the successful bidder had to supply green hydrogen within 30 months of receiving the letter of award (LoA)
The leading oil marketing corporation (OMC) has cancelled its initial tender for the project after bidders approached the Delhi High Court. IOCL terminated the tender in a corrigendum issued on 21 February, 2024. In the last tender, prospective bidders had flagged a conflict of interest on IOCL’s part. This was due to GH4India, IOCL's joint venture with infrastructure and engineering firm Larsen & Toubro (L&T)
| Updated on: 28 - Feb - 2024
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