The Oil and Natural Gas Corporation Limited (ONGC), a central public sector undertaking under the Ministry of Petroleum and Natural Gas, has issued a tender for the establishment of a 1000 MW wind-solar hybrid power project. This ambitious initiative is aimed at enhancing India’s renewable energy capacity, with the project to be developed on a lumpsum turnkey (LSTK) basis, and will include comprehensive operation and maintenance (O&M) services for a period of ten years.
The project comprises two equal parts: 500 MW of solar power and 500 MW of wind power, which can be located anywhere in India. The hybrid nature of the project is designed to optimize the use of renewable resources and provide a more stable and reliable power supply.
The deadline for bid submissions is October 23, 2024, at 15:00 hours.
The tender process will follow a two-bid system, consisting of an un-priced techno-commercial bid and a priced bid. Interested bidders must provide a bid security of Rs. 8 Crore (Rupees Eight Crores Only) and will also be required to furnish a security deposit cum performance bank guarantee, as well as an O&M performance guarantee.
Potential bidders are encouraged to attend the pre-bid conference on September 10, 2024, for clarification on any queries they may have.
This large-scale renewable energy project is expected to attract significant interest from both domestic and international companies, given its scale and the increasing global emphasis on renewable energy. ONGC urges all interested parties to carefully review the tender document and ensure their bids are submitted before the deadline.
This project marks a significant step towards bolstering India’s renewable energy infrastructure, aligning with the nation’s goals for sustainable development and energy security.