Abu Dhabi company Ocior Energy wins bid to supply green hydrogen to HPCL at Visakh Refinery
Ocior Energy
has won the bid to supply 5,000 tonne of
green hydrogen
per year to
Hindustan Petroleum Corporation Limited
's
Visakhapatnam refinery
in Andhra Pradesh, according to people familiar with the development.
The green hydrogen project is to be set up on a build, own, operate basis for 25 years.
Ocior Energy will manufacture green hydrogen at ₹328 a kg, excluding goods and services tax (GST). It is the second refinery after
Indian Oil Corporation
Limited (IOCL) to conclude the tender.
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In May, L&T Energy Green Tech Ltd won the bid to build a 10,000 tonne per annum green hydrogen plant at IOCL's Panipat refinery in Haryana.
L&T Energy Green Tech will supply green hydrogen to IOCL at ₹397 ($4.67) per kg with 18% GST.
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HPCL
's winning bid is at a discount to the IOCL price of ₹336 a kg.
HPCL and Ocior Energy did not reply to ET's emailed queries till press time.
Ocior Energy produces and supplies green hydrogen and
green ammonia
by building, owning and operating green hydrogen and green ammonia facilities, including the
renewable energy
facilities needed to generate green fuels. It has executed projects in Asia, West Asia and the North African region.
Currently it is executing green hydrogen and green ammonia plants in Gujarat and Odisha.
For HPCL's GH2 project at Visakh refinery, more than eight companies had submitted bids.
Jakson Green, which quoted a price of ₹345 per kg without GST, and L&T, which quoted a price of ₹393 a kg without GST, were the second lowest and third lowest bidders, respectively.
ReNew and NTPC quoted a price of ₹469 a kg and ₹505 a kg, respectively.
HPCL had invited bids in October 2024. The winning bidder has to construct the green hydrogen generation unit with electrolysers, power systems and purification units.
Bids were evaluated based on the lowest quoted rate for
green hydrogen supply
.
The winning bidder would also be required to conduct surveys to connect pipelines from the green hydrogen generation unit to the delivery point at HPCL's refinery. This includes acquiring rights of way and ensuring compatibility with HPCL's
hydrogen distribution network
.
Bidders can, however, establish their own renewable energy projects to procure power through power purchase agreements to meet their energy needs.
HPCL operates a 15 million tonnes per annum refinery at Visakhapatnam. Various units in the refinery consume grey hydrogen. The company intends to partly replace grey hydrogen with green hydrogen.
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