.3 min read through Final Updated: Aug 06 2024|1:15 PM IST.State-run Indian Oil Firm Ltd (IOCL) has withdrawn a tender for building India's initial eco-friendly hydrogen plant at its own Panipat refinery in Haryana for the second time, the Economic Moments is mentioning.IOCL, on Monday, denoted the tender as "called off" on its website. The tender was pulled because of merely receiving two offers, the file said citing resources. Recently, it had been mentioned that the prospective buyers were actually GH4India and also Noida-based Neometrix Design.This tender was actually noteworthy as it marked India's very first endeavor into figuring out the price of green hydrogen through competitive bidding process.GH4India is actually a joint project just as had through IOCL, ReNew Power, and Larsen & Toubro.The termination of 1st tender.In August in 2015, IOCL had welcomed purpose creating a fresh hydrogen development system with a size of 10,000 tonnes every year at its Panipat refinery. This device was actually planned to become developed, owned, and operated for 25 years.According to the tender conditions, the winning prospective buyer was required to commence hydrogen gas shipping within 30 months of the job's award. The venture included a 75 MW electrolyser capability to create 300 MW of well-maintained power, with a general capital investment determined at $400 thousand.However, field attendees highlighted a number of conditions in the proposal paper that seemed to favour GH4India. The preliminary tender was actually reportedly terminated after an industry association submitted a case in the Delhi High Court, suggesting that a few of its problems were actually anti-competitive and prejudiced towards GH4India.Fixing greenish hydrogen price.This project was actually focused on being India's very first attempt to establish the rate of green hydrogen via a bidding process. Despite initial passion coming from leading engineering as well as commercial gas business, many carried out certainly not submit offers, demonstrating the outcome of the previous year's tender. That earlier tender also dealt with legal problems because of claims of anti-competitive process.IOCL clarified that the second tender method consisted of many expansions to permit prospective buyers enough time to provide their plans.Around 30 facilities acquired pre-bid documentations in May, consisting of Indian agencies like Inox-Air Products, Acme, Tata Projects, and NTPC, and also international providers including Siemens, Petronas/Gentari, and EDF. The technical bids were just recently opened up, with the time for the cost quote announcement however to become chosen.Why were prospective buyers concerned.Prospective bidders have reared issues concerning the qualifications standards, exclusively the criteria for expertise in operating hydrogen units, EPC, as well as electrolysers. The criteria mentioned that a professional prospective buyer should have EPC expertise and have operated a refinery, petrochemical, or even fertiliser plant for a minimum of twelve month.This led some potential bidders to request target date extensions to develop joint endeavors along with industrial gas producers, as merely a restricted amount of business have the essential range and also adventure.1st Published: Aug 06 2024|1:15 PM IST.