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IOC cancels fresh hydrogen tender once more after prospective buyers' disinterest Updates

.3 min reviewed Final Updated: Aug 06 2024|1:15 PM IST.State-run Indian Oil Company Ltd (IOCL) has taken out a tender for creating India's first eco-friendly hydrogen plant at its own Panipat refinery in Haryana for the 2nd time, the Economic Times is actually reporting.IOCL, on Monday, marked the tender as "terminated" on its website. The tender was pulled because of simply obtaining 2 offers, the file stated mentioning resources. Recently, it had actually been disclosed that the prospective buyers were GH4India and also Noida-based Neometrix Design.This tender was actually significant as it marked India's initial venture right into establishing the cost of green hydrogen via very competitive bidding.GH4India is actually a collective endeavor equally owned through IOCL, ReNew Energy, and Larsen &amp Toubro.The cancellation of very first tender.In August in 2013, IOCL had actually invited purpose establishing a green hydrogen creation unit with a size of 10,000 tonnes per year at its Panipat refinery. This system was actually intended to be built, possessed, and ran for 25 years.According to the tender phrases, the succeeding prospective buyer was actually demanded to commence hydrogen fuel shipping within 30 months of the venture's award. The project involved a 75 MW electrolyser capability to produce 300 MW of clean electricity, along with an overall capital expenditure predicted at $400 thousand.Having said that, business participants highlighted many stipulations in the bid documentation that appeared to favour GH4India. The initial tender was supposedly called off after a sector association filed a suit in the Delhi High Court, arguing that a few of its own conditions were anti-competitive and also biased in the direction of GH4India.Dealing with greenish hydrogen cost.This initiative was actually targeted at being actually India's first attempt to establish the rate of eco-friendly hydrogen via a bidding method. Regardless of initial rate of interest from leading design and industrial fuel companies, a lot of carried out certainly not provide proposals, reflecting the result of the previous year's tender. That earlier tender also experienced lawful challenges as a result of charges of anti-competitive process.IOCL detailed that the 2nd tender procedure featured a number of extensions to permit bidders sufficient time to provide their propositions.Around 30 facilities acquired pre-bid records in May, featuring Indian agencies like Inox-Air Products, Acme, Tata Projects, and NTPC, and also worldwide business such as Siemens, Petronas/Gentari, and also EDF. The technical proposals were actually recently opened up, along with the day for the price offer announcement yet to be chosen.Why were actually prospective buyers concerned.Prospective bidders have actually brought up concerns concerning the qualifications standards, primarily the demand for adventure in working hydrogen devices, EPC, as well as electrolysers. The criteria stated that a certified prospective buyer should have EPC expertise and also have actually operated a refinery, petrochemical, or fertilizer industrial plant for at the very least one year.This led some prospective bidders to demand target date expansions to develop joint endeavors along with commercial gas manufacturers, as simply a limited number of firms possess the necessary range and also knowledge.1st Published: Aug 06 2024|1:15 PM IST.