Hydro Electric Project Insurance Brokerage and Claims Management in Himachal Pradesh

Work Description - Hiring Of Services Of Insurance Brokers For Insurance Policy Of 60mw Giri, 120mw Svp Bhaba, 126mw Larji And 66mw Bassi Hep As Well As Settlement Of Insurance Claims And Other Insurance Related Matters

The Himachal Pradesh State Electricity Board Limited (HPSEBL), through its Superintending Engineer (PEC Cell) located in Sundernagar, invites eligible and experienced firms for an Open Tender process (Tender Reference Number: HPSEBL/PEC/HEPs/Insurance/2026) for the critical service of hiring Insurance Brokers. This comprehensive engagement entails securing insurance policies for significant Hydro Electric Projects, specifically the 60MW Giri, 120MW SVP Bhaba, 126MW Larji, and 66MW Bassi HEPs, alongside managing the settlement of all insurance claims and other related matters. This tender, categorized under Services with an Expression of Interest (EOI) as the form of contract, seeks to ensure robust risk management and efficient claims processing for these vital assets. Prospective bidders are advised that this tender was e-published and document downloads commenced on July 15, 2026, at 03:00 PM. The window for bid submission will open on July 27, 2026, at 11:00 AM, and all submissions must be completed by the bid submission end date of August 05, 2026, at 11:00 AM. The final date for document download is also August 05, 2026, at 11:00 AM. Technical bids will be opened on August 05, 2026, at 03:30 PM in Sundernagar. A non-refundable Tender Fee of ₹590 is required, along with an Earnest Money Deposit (EMD) of ₹1,00,000, payable online. Bids submitted must remain valid for a period of 180 days from the bid opening date. Interested parties are strongly encouraged to download the complete tender documents and adhere strictly to all stipulated terms and conditions for successful participation in this significant procurement initiative.