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IOC scraps maiden green hydrogen tender after bidders cry foul, move court, ET Auto

Green Hydrogen Tender: Industry players cited tender document skewed in favour of IOC’s JV with L&T & Renew Power; 50 prospective bidders participated in pre-bid meet but eventually opted out, only 1 bid submit by IOC’s JV co. In a cancellation corrigendum issued on February 21, IOCL said, the tender stands cancelled. The company did not reply to an email sent till press time.

Delhi , India , Haryana , Panipat , Narendra-modi , Larsen-toubro , Acme-group , Sprng-energy , Indian-oil-corporation , Delhi-high-court , India-private , Green-hydrogen-producer-association

IOC scraps maiden green hydrogen tender after bidders cry foul, move court

Industry players cited tender document skewed in favour of IOCs JV with L&T & Renew Power; 50 prospective bidders participated in pre-bid meet but eventually opted out, only 1 bid submit by IOCs JV co. In a cancellation corrigendum issued on February 21, IOCL said, the tender stands cancelled. The company did not reply to an email sent till press time.

Business-news , Breaking-newsbudget , Latest-news-updates , Economic-times , Economic-times-news-app , Daily-market-updates , Live-business , Indian-oil-corporation , Ioc , Green-hydrogen-tender , Narendra-modi

Green H2 tender: Two companies seek zero incentives

The bidding was on the least incentive demanded over three years through a competitive selection process by the Solar Energy Corporation of India. The financial bids were opened on Tuesday.

India , Bharat , Greenko-zero , Bharat-petroleum-corporation , Solar-energy-corporation-of-india , Pvt-ltd , Reliance-industries , Reliance-green-hydrogen , Welspun-new-energy , Acme-cleantech , Greenko-zeroc