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)

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..