HPCL Invites Bids for Green Hydrogen Supply at Visakh Refinery
Key Ideas
- HPCL seeks bids for 5,000 tons/year of green hydrogen supply at Visakh Refinery for 25 years.
- Bidders required to establish Green Hydrogen Generation Unit, connect pipelines, and ensure energy supply.
- Evaluation criteria include LCOH rate, cost efficiency, technical compliance, and sector experience.
- Previous bids invited for floating solar projects by HPCL Renewable and Green Energy (HPGRE).
Hindustan Petroleum Corporation (HPCL) has initiated a tender process inviting bids for the supply of 5,000 tons (5 KTPA) of green hydrogen annually to its Visakh Refinery in Visakhapatnam, India over a 25-year period. The bidding deadline is set for January 21, 2025, with interested parties required to submit an earnest money deposit of ₹10 million. Bidders are tasked with establishing a Green Hydrogen Generation Unit (GHGU) equipped with electrolyzers, power systems, and purification units. They must also ensure the connection of pipelines from the GHGU to HPCL's refinery delivery point, along with obtaining necessary rights of way and adhering to safety standards. Bidders can opt to develop renewable energy projects or secure power through agreements to meet the GHGU's energy requirements. Financial prerequisites include a minimum net worth of ₹750 million and a specified annual turnover. Experience in sectors like oil & gas or power is a prerequisite, with both individual entities and consortiums eligible to participate in the bidding process. Evaluation criteria encompass the quoted rate for green hydrogen supply, overall cost efficiency, compliance with technical specifications, and relevant sector experience. Additionally, HPCL Renewable and Green Energy (HPGRE) previously invited bids for floating solar projects, further indicating the company's commitment to sustainable energy initiatives.