Hydroelectric Power Plant Insurance Broker Services and Claims Management

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

This tender, referenced as HPSEBL/PEC/HEPs/Insurance/2026, is issued by HPSEBL, a State Government and UT organization, for the comprehensive hiring of services of Insurance Brokers. The primary objective is to secure insurance policies for four key hydroelectric power plants: 60MW Giri, 120MW SVP Bhaba, 126MW Larji, and 66MW Bassi HEP. Beyond policy procurement, the scope of work includes the adept settlement of insurance claims and the management of all other insurance-related matters pertinent to these facilities. The Superintending Engineer (PEC Cell) of HPSEBL, located at the Office of CE(Gen) HPSEBL, Sundernagar, is the inviting authority. This is an open tender process with a single cover system, requiring bidders to submit all necessary documents as per the minimum qualifying criteria, including financial and technical aspects within the designated cover. The tender document download is available from July 15, 2026, at 03:00 PM until September 15, 2026, at 11:00 AM. Bids can be submitted from August 3, 2026, at 11:00 AM, with the final submission deadline being September 15, 2026, at 11:00 AM. The bid opening is scheduled for September 15, 2026, at 03:30 PM, at Sundernagar. A tender fee of ₹590 is applicable, and an Earnest Money Deposit (EMD) of ₹1,00,000 is mandatory. The bid validity period is 180 days. Interested parties are advised to refer to the detailed tender documents, including the NIT, IITB, GTC, and Bid Assessment Sheet, which are available for download.