Bharat Petroleum Floats Tender to Procure Renewable Power Through Open Access

Government-owned oil marketing company, Bharat Petroleum Corporation Limited (BPCL), has issued two tenders to procure renewable power though open access from solar and non-solar projects for its Mumbai refinery.

BPCL is looking to procure 26.35 million units from solar energy projects, and 39.52 million units of non-solar renewable power on a short to medium term basis. The capacity translates to projects of 6 MW for solar and 9 MW for non-solar. Bidders are expected to quote tariff bids for the electricity supplied at the delivery point.

According to the tender document, the tariff quoted should include transmission losses, transmission charges, scheduling and operational charges, stamp duties, application fees, additional surcharge, and any other applicable charges, except wheeling charges, cross subsidy surcharge, regulatory asset charges, electricity duties, tax on sale of electricity and renewable purchase obligation charges, which will be borne by BPCL.

The earnest money deposit for these bids has been set at ₹1 million ($14,000).

The bid submission deadline for the tender is October 3, 2019.

Last month, another owned company the Indian Oil Corporation announced plans to diversify its business verticals and make significant investments to the tune of ₹250 billion (~$3.48 billion) in clean energy projects like solar, wind, biomass and solar panels at its filling stations. The company is preparing to scale up its solar and wind power portfolio to 260 MW by 2020 from its current capacity of 216 MW, which includes 167.6 MW of wind and 48.6 MW of solar (comprising 20.5 MW of grid-connected and 28.1 MW of off-grid solar installations). According to the company, it has installed 14.2 MW of solar projects during the financial year (FY) 2018 and installation of another 13 MW is in progress.

Earlier this year, the state was preparing the draft amendments to the regulations dealing with transmission and distribution of open access in the state.