IANS | 23 Apr, 2024
The Ministry of Heavy Industries said on Tuesday that it has received
as many as seven bids under the global tender for the re-bidding of
Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry Cell
(ACC) manufacturing announced on January 24 this year.
The
ministry said that the scheme has received an overwhelming response from
the industry as the number of bids received is seven times the
manufacturing capacity of 10 GWh to be awarded.
The list of
bidders includes JSW Neo Energy Limited, Reliance Industries Limited,
Lucas TVS Limited, Waaree Energies Limited, Amara Raja Advanced Cell
Technologies Private Limited, Anvi Power Industries Private Limited and
ACME Cleantech Solutions Private Limited for a total capacity of 70 GWh.
The
last date for receiving applications under the scheme was April 22,
2024, and the technical bids were opened on April 23, 2024.
Advanced
Chemistry Cells are new generation technologies that can store electric
energy either as electrochemical or as chemical energy and convert it
back to electric energy as and when required. The cells play a key role
in helping to store solar and wind energy.
In May 2021, the
Cabinet approved the technology-agnostic PLI Scheme on 'National
Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for
achieving a manufacturing capacity of 50 Giga Watt hours (GWh) with an
outlay of Rs 18,100 crore. The first round of the ACC PLI bidding was
concluded in March 2022, and three beneficiary firms were allocated a
total capacity of 30-gigawatt hours (GWh), and the programme agreement
with selected beneficiary firms was signed in July 2022.
The
Ministry of Heavy Industries released a Request for Proposal (RfP) on
January 24, 2024, for shortlisting and selection of bidders under the
Production Linked Incentive (PLI) Scheme 'National Programme on Advanced
Chemistry Cell (ACC) Battery Storage’ for setting up of ACC
Manufacturing Units with a total manufacturing capacity of 10 Giga Watt
Hour (GWh) with a maximum budgetary outlay of Rs 3,620 crore.