Hindustan Petroleum Corporation (HPCL) has invited bids for the supply of 5,000 tons (5 KTPA) of green hydrogen per year to its Visakh Refinery for 25 years. The last date for the submission of bids is January 21, 2025.

Bidders must submit an earnest money deposit of ₹10 million (~$118,944).

Bidders must select the project location, acquire land, and construct the Green Hydrogen Generation Unit (GHGU) with electrolyzers, power systems, and purification units.

They must also conduct surveys to connect pipelines from the GHGU to the delivery point at HPCL’s refinery. This includes acquiring rights of way and ensuring compatibility with HPCL’s hydrogen distribution network.

Bidders can establish their own renewable energy projects or procure power through power purchase agreements to meet the GHGU’s energy needs.

They must also secure all statutory approvals and ensure compliance with local laws and safety standards.

The operator will manage the operation and maintenance of the GHGU, ensuring continuous supply of green hydrogen.

Bidders must have a minimum net worth of ₹750 million (~$8.9 million) as of the last financial year. Their annual turnover must be a minimum of ₹1 billion (~$11.8 million) in one of the last three financial years.

Bidders should demonstrate experience in executing projects in relevant sectors such as oil & gas or power.

Individual entities or consortiums may submit bids. In the case of consortiums, members must hold at least 26% of the shares.

Bids will be evaluated based on the lowest quoted rate for green hydrogen supply (LCOH). The successful bidder will be awarded based on overall cost efficiency and compliance with technical requirements.

In September, HPCL Renewable and Green Energy (HPGRE) invited bids for the engineering, procurement, and construction of three floating solar projects.

Earlier, HPRGE invited bids for a detailed feasibility report and project management consultancy services for grid-connected rooftop and floating solar projects with a cumulative capacity of 81.5 MW.