Indian Oil Corp Seeks Bids for Green Hydrogen Plant in Panipat Refinery
Key Ideas
  • Indian Oil Corp floats a tender for the third time to construct a green hydrogen plant at Panipat refinery after two previous attempts failed.
  • The tender seeks bids for a 10,000-tonne/year green hydrogen facility on a BOO basis, with new technical qualification criteria introduced.
  • Up to 30 companies participated in the pre-bid meeting, indicating potential interest from experienced entities, following past lack of industry interest.
  • IOC faced criticisms previously for favoring GH4India, prompting new measures such as requiring consent letters for MoUs with partners meeting technical qualifications.
Indian Oil Corp has issued a tender for the third time to establish a green hydrogen plant at its Panipat refinery in Haryana, India, after facing failures in previous attempts. The tender, dated September 11, aims to secure bids for setting up a green hydrogen facility with a capacity of 10,000 tonnes per year on a build-own-operate (BOO) basis at the Panipat refinery. The bidding window is open between November 4 and 11, with the participation of around 30 companies in a pre-bid meeting. Notable participants include AMGreen, Sembcorp, Larsen & Toubro, Praxair, Siemens, John Cockerill, and Greenko. To ensure eligibility, bidders are required to have experience in setting up electrolyser manufacturing and green hydrogen production capacity under the SIGHT Program by the Ministry of New and Renewable Energy, along with executing commercial hydrogen production facilities in the last 15 years. The new tender has opened participation to players in the SIGHT scheme, potentially attracting more experienced entities. In the past, IOC faced challenges in garnering industry interest, leading to the cancellation of bids. Criticisms were raised regarding favoritism towards GH4India, a joint venture involving IOC, ReNew, and L&T. The latest tender emphasizes transparency by requiring consent letters for MoUs with partners meeting technical qualifications, valid for at least eight years post the first hydrogen delivery.
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