Indian Oil Corporation has invited bids for a 1 MW grid connected captive solar power project in Jaipur, Rajasthan. The bid entails the engineering, procurement, and construction of the solar project with net metering facility. The estimated cost of the project is Rs 46.07 million. Upon success, the bidder will be required to undertake operations and maintenance of the project for a period of four years.
As per the tender, the peak power rating of the solar modules should not be less than 330 W under standard testing conditions, and efficiency of the modules should not be less than 17.5 percent. Each solar module used in the solar power project must be warranted for its output peak watt capacity, which should not be less than 90 percent at the end of 10 years and 80 percent at the end of 25 years from the completion of the trial run. The bid submission deadline is July 11, 2022.
Recently, the Indian Oil Corporation signed a long-term supply agreement with Air Products in which the latter will build, own, and operate a new industrial gas complex in Bihar that will supply hydrogen, nitrogen, and steam to IOCL’s Barauni refinery. The new industrial gas complex for IOCL is expected to be operational in 2024.