(MC)
Indian Oil Corporation (IOCL), the country’s largest fuel retailer, relaunched tenders for its maiden green hydrogen plant to be set up in Panipat, with the bidding process set to begin on April 15, according to the tender document seen by Moneycontrol.
The revised new tender issued earlier in March, seems to address concerns raised by developers regarding discriminatory clauses. In February, the state-run oil marketing company cancelled the tender after a group of renewable energy firms moved court amid allegations that the nation’s largest fuel retailer made “tailored” tender norms favouring a joint venture that included IOCL.
The revised tender has removed the controversial ROFR (right of first refusal) clause, which The Independent Green Hydrogen Producers Association (IGHPA) alleged was designed in favour of IOCL’s JV company GH4 India.
