New Delhi, April 23, 2024: The Ministry of Heavy Industries (MHI) has garnered significant interest from industry players, with seven bids received under the global tender for the re-bidding of Production Linked Incentives (PLI) for Advanced Chemistry Cell (ACC) manufacturing. This initiative, announced on January 24, 2024, aims to establish giga-scale ACC manufacturing facilities with a cumulative capacity of 10 GWh under the PLI ACC scheme.
The response to the scheme has exceeded expectations, with the number of bids received being seven times the manufacturing capacity to be awarded.
The PLI ACC Scheme seeks to promote the manufacturing of technology-agnostic Advanced Chemistry Cells in India.
The pre-bid meeting for the tender was convened on February 12, 2024. Subsequently, the Ministry received applications until April 22, 2024, through the CPP portal. The Technical Bids were opened on April 23, 2024.
The list of bidders (in alphabetical order) who have submitted bids for the Advanced Chemistry Cell (ACC) manufacturing includes:
- ACME Cleantech Solutions Private Limited
- Amara Raja Advanced Cell Technologies Private Limited
- Anvi Power Industries Private Limited
- JSW Neo Energy Limited
- Reliance Industries Limited
- Lucas TVS Limited
- Waaree Energies Limited
These bidders have collectively proposed a cumulative capacity of 70 GWh.
In May 2021, the Cabinet approved the technology-agnostic PLI Scheme under the ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’, aiming for a manufacturing capacity of Fifty (50) GWh of ACC, with an outlay of Rs.18,100 Crore.
The first round of the ACC PLI bidding concluded in March 2022, allocating a total capacity of Thirty (30) GWh to three beneficiary firms. Program agreements with the selected beneficiary firms were signed in July 2022.
About the ACC PLI
The Government of India, through the Ministry of Heavy Industries, released a Request for Proposal (RfP) on January 24, 2024, for shortlisting and selecting bidders under the PLI Scheme ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’. The objective is to establish ACC Manufacturing Units with a total manufacturing capacity of 10 GWh, with a maximum budgetary outlay of Rs. 3,620 crore.
Also Read | ABB India launches two energy-efficient motor ranges for sustainable industrial growth