ONGC Invites Bids for 1000 MW Wind-Solar Project for Renewable Energy project

The Oil and Natural Gas Corporation Limited (ONGC), a CPSE 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 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.

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The tender process will follow a two-bid system, consisting of an unpriced techno-commercial bid and a priced bid. Interested bidders must provide a bid security of Rs. 8 Crore only and will also be required to furnish a security deposit cum performance bank guarantee, as well as an O&M performance guarantee. The deadline for bid submissions is October 23, 2024, at 15:00 hours.

Potential bidders are encouraged to attend the pre-bid conference on September 10, 2024, for clarification on any queries they may have.

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.

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