ONGC seeks bids for 1 GW wind-solar hybrid projects

14 Aug 2024 CW Team

Oil and Natural Gas Corporation (ONGC) has issued a tender for the development of captive ISTS-connected, co-located wind-solar hybrid power projects with a total capacity of 1,000 MW (500 MW solar and 500 MW wind) across India. The projects will require operation and maintenance (O&M) for ten years.

The deadline for bid submissions is October 23, 2024, with bids set to be opened the following day. Projects must be commissioned within 36 months of receiving the letter of award.

Bidders are required to provide a bank guarantee of Rs 80 million. The successful bidder must also submit a security deposit-cum-performance bank guarantee equivalent to 10% of the annualized contract value minus the O&M costs.

Additionally, a bank guarantee equal to 10% of the annual O&M charges for each year must be provided one month before the project's commissioning and prior to the start of any chargeable O&M services.

Bidders should ensure their submissions are comprehensive and fully comply with ONGC's terms, conditions, and bid evaluation criteria. Non-compliance may result in bid rejection, emphasizing the need for meticulousness in the bidding process.

In a related development, ONGC has announced its plan to acquire PTC Energy (PEL), a subsidiary of PTC India, in a transaction valued at Rs 9.25 billion. PEL has commissioned seven wind power projects in Andhra Pradesh, Karnataka, and Madhya Pradesh, totalling 288.8 MW.

ONGC is committed to expanding its renewable energy portfolio and plans to invest over Rs 1 trillion to achieve a 1 GW renewable energy capacity by 2030. (MERCOM)

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..