Indian Oil Corporation Limited (IOCL) has issued a request for proposals for consulting services to set up a 2.25 MW solar project at its Jabalpur LPG bottling plant. Consultants are required to assist with long-term open access and project registration with Madhya Pradesh’s renewable energy department. The project is expected to cost Rs 493,240. The bid submission deadline is May 24, 2022.
As per the tender guidelines, to participate in the bidding process, the bidders are not required to pay any earnest money deposit. As a security deposit, bidders must provide a sum equal to 3 per cent of the work order value for a period of 12 months without interest. Furthermore, compensation or liquidated damages will be levied on the work order value at 0.5 per cent per week or part thereof, subject to a maximum of 10 per cent of the value of the delayed work. The contractor would be required to provide tax invoices as per the provisions of the current law and as per the proposed Goods and Services Tax to enable IOCL to avail the input tax credit of all applicable taxes.
In September 2021, IOCL floated a tender in two categories to empanel vendors to develop solar projects at its locations and retail outlets across India. The tender specifies projects under two categories; under Category-I, individual solar projects of capacities up to 50 kW based in specific regions will be developed. Under Category-II, individual solar project capacity of above 50 kW and up to 500 kW will be developed across India.
