SECI Issues Draft RfS For 0.5 mn Green Methanol Capacity
Bidders must quote a minimum cumulative production and supply capacity of 50,000 t per annum, while the maximum bid capacity for a single bidder is capped at 250,000 t per annum. Projects may be established anywhere in India provided delivery-point requirements in the tender are met. Selection will follow a single-stage, two-envelope competitive bidding system and successful bidders will sign a Green Methanol Purchase Agreement for 10 years.
The draft requires an Earnest Money Deposit of Rs 5,000 per t of the quoted annual production capacity, payable by bank guarantee, payment on order instrument or insurance surety bond, and it must remain valid for nine months from the bid submission deadline. Selected bidders must provide a Performance Bank Guarantee of Rs 7,500 per t of the allocated annual capacity prior to signing the GMPA and pay a non-refundable bid processing fee by NEFT or RTGS.
All important dates and timelines will be published on the ISN-ETS portal, including bid submission deadline, pre-bid meeting schedule and techno-commercial bid opening dates. Hard copies of EMD instruments must reach SECI within two working days after the bid closing date. Bidders are advised to follow prescribed formats and submission requirements to avoid disqualification and note that any amendments or clarifications will be published only on the official SECI website and the ISN-ETS portal.