Indian Oil Corporation (IOCL) has invited bids to purchase 50 acres of land to set up a 10 MW solar power project in Odisha.

The last date to submit the bids is September 26, 2022. Bids will be opened the following day.

Bidders will have to submit ₹50,000 (~$624.64) as an earnest money deposit.

The offered land must be preferably continuous, measuring a minimum of 50 acres. The land must be located within 10 km of the Odisha Power Transmission Corporation (OPTCL) substations. It should be connected with an approach road, and the land should be free from all encumbrances.

Preference will be given to government land if found suitable.

The undulation in the land should be within the range of two meters concerning the adjacent road, which should be cross-verified by a consultant on behalf of IOCL.

There should be provision for potable water arrangements and ease of getting electrical power. The land should not be below the mean sea level and should not be a wetland. The land should not be located in a densely populated area.

The consultant will conduct the survey of the right of way (RoW) of the transmission line from the land to the nearest OPTCL substation.

The consultant will conduct the land survey to identify the depth of land from the adjacent road and the quantity of earth required for filling and leveling the land.

Landed cost will consist of the offered cost of land, transmission cost up to the nearest OPTCL grid for power evacuation, RoW cost, and landfilling cost. The L1 bidder will be identified based on the landed cost.

Last month, IOCL and NTPC signed an agreement to form a joint venture company to meet the power requirements of upcoming projects of Indian Oil refineries with renewable power.

Earlier, IOCL had invited bids to empanel vendors to develop solar projects at its locations and retail outlets across India. The scope of work included the project’s design, engineering, testing, supply, packing, transportation, storage, installation, and commissioning.

According to Mercom’s India Solar Tender Tracker, IOCL has floated tenders for 64 MW of solar projects.