IOC solicits bids for 1 MW solar project in Haryana
POWER & RENEWABLE ENERGY

IOC solicits bids for 1 MW solar project in Haryana

Indian Oil Corporation (IOC) has announced a tender for the engineering, procurement, and construction (EPC) of a 1 MW grid-connected open access captive solar power project at its Northern Region Pipelines in Kurukshetra, Haryana.

They stated that in addition to commissioning the project, the contract would encompass one year of complete operation and maintenance (O&M) services following construction, along with an additional nine years of extended operation and maintenance support.

It was mentioned that the last date for bid submission was April 29, 2024, with the bid opening scheduled for the subsequent day.

Furthermore, it was noted that the contract duration would span 127 months from the date of the letter of acceptance, with a Part-A duration of 19 months, comprising 7 months for project commissioning and one year for O&M, and a Part-B duration of 9 years from the completion of Part-A.

It was also indicated that the earnest money deposit for the tender amounted to Rs 641,700, with exemptions applicable for central and state public sector undertakings and joint ventures of IOCL.

Moreover, it was stated that the annual turnover of the bidders during any one of the preceding three financial years should not be less than Rs 41.9 million.

In addition, it was outlined that bidders must have executed at least 1 MW of on-grid solar power project with net-metering/gross metering/net billing or feed-in/open access facility in any industry, either as the main contractor or subcontractor, within the last seven years.

The required project experience included three similar completed works, each valued at no less than Rs 21 million; two similar completed works, each valued at no less than Rs 28 million; and one similar completed work valued at no less than Rs 35 million.

Last month, IOCL had invited bids for an EPC contract for a 1 MW solar power project at Southern Region Pipelines in Chittoor, Andhra Pradesh.

Additionally, it was mentioned that late last year, bids were invited for O&M of an existing 1.1 MW solar power project at Indane Bottling Plant, Devanagonthi village in Bengaluru Rural district in Karnataka.

Indian Oil Corporation (IOC) has announced a tender for the engineering, procurement, and construction (EPC) of a 1 MW grid-connected open access captive solar power project at its Northern Region Pipelines in Kurukshetra, Haryana. They stated that in addition to commissioning the project, the contract would encompass one year of complete operation and maintenance (O&M) services following construction, along with an additional nine years of extended operation and maintenance support. It was mentioned that the last date for bid submission was April 29, 2024, with the bid opening scheduled for the subsequent day. Furthermore, it was noted that the contract duration would span 127 months from the date of the letter of acceptance, with a Part-A duration of 19 months, comprising 7 months for project commissioning and one year for O&M, and a Part-B duration of 9 years from the completion of Part-A. It was also indicated that the earnest money deposit for the tender amounted to Rs 641,700, with exemptions applicable for central and state public sector undertakings and joint ventures of IOCL. Moreover, it was stated that the annual turnover of the bidders during any one of the preceding three financial years should not be less than Rs 41.9 million. In addition, it was outlined that bidders must have executed at least 1 MW of on-grid solar power project with net-metering/gross metering/net billing or feed-in/open access facility in any industry, either as the main contractor or subcontractor, within the last seven years. The required project experience included three similar completed works, each valued at no less than Rs 21 million; two similar completed works, each valued at no less than Rs 28 million; and one similar completed work valued at no less than Rs 35 million. Last month, IOCL had invited bids for an EPC contract for a 1 MW solar power project at Southern Region Pipelines in Chittoor, Andhra Pradesh. Additionally, it was mentioned that late last year, bids were invited for O&M of an existing 1.1 MW solar power project at Indane Bottling Plant, Devanagonthi village in Bengaluru Rural district in Karnataka.

Next Story
Infrastructure Urban

Macrotech acquires Bain Capital's stake in 3 entities for Rs 3 Bn

Realty firm Macrotech Developers has acquired Bain Capital's stake in three industrial and logistics park entities for Rs 3.07 billion as part of a strategy to enhance rental income. Macrotech Developers is one of the leading real estate firms in the country. It sells properties under Lodha brand. In a regulatory filing, the company informed that it has "executed Securities Purchase Agreements (SPAs) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) for acquisition of their interest in the digital infrastructure platform entities (Bellissimo Digital I..

Next Story
Infrastructure Urban

Tata Steel reports Rs 7.59 Bn net profit in Jul-Sep

Tata Steel reported a net profit of Rs 7.58 billion for the September 2024 quarter, helped by lower expenses. It had posted a net loss of Rs 65.11 billion in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. In a separate statement, Tata Steel CEO and MD TV Narendran said the global operating environment remained complex, with key regions facing subdued growth. Macroeconomic conditions in China continued to weigh on commodity prices, including steel. In India, steel demand continued to improve, but domestic prices were under pressure due to chea..

Next Story
Infrastructure Urban

SC to verdict on Nov 7 on plea against NCLAT

The Supreme Court is scheduled to pronounce its verdict on a plea of State Bank of India (SBI) and other creditors challenging the National Company Law Appellate Tribunal (NCLAT) decision that upheld the resolution plan of grounded air carrier Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium (JKC). A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra will pronounce the verdict which was reserved on October 16. The NCLAT had on March 12 upheld the resolution plan of the grounded air carrier and approved the transfer of its ownersh..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000