Government invites rebidding for Advanced Chemistry Cell manufacturing
The Ministry of Heavy Industries has invited the re-bidding of Production Linked Incentives [PLI] for 10 GWh Advanced Chemistry Cell [ACC] manufacturing.
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The applicants can submit their bids to set up a domestic manufacturing facility for ACC, which would help them qualify for incentives under the PLI ACC scheme. The bidding process will be held online through a transparent two-stage process, under the Quality and Cost Based Selection [QCBS] mechanism through the CPP portal.
As per government officials, the tender documents are available from 24-01-2024 and the pre-bid conference shall be held on 12-02-2024. The bid due date is 22-04-2024 and bids shall be opened on 23-04-2024. Further, the Ministry of Heavy Industries has released a Request for Proposal for Shortlisting and selection of bidders under the Production Linked Incentives [PLI] scheme ‘ National Programme on Advanced Chemistry Cell’ [ACC] Battery Storage for setting up of Battery Manufacturing Units with a total manufacturing capacity of 10 GWh with a maximum budget of Rs 3,620 crore.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYIn May 2021, the Cabinet approved the technology-oriented PLI Scheme on the National Programme on Advanced Chemistry Cell Battery Storage’ for achieving a manufacturing capacity of 50 GWh of ACC with an outlay of Rs 18,100 crore.
The first phase was concluded in March 2022 and three companies were allocated a total capacity of 30 GWh and the program agreement with selected companies was signed in July 2022. The government has taken several initiatives to promote environment-friendly and sustainable reliability in the sector of the automobile industry such as PLI-Auto, PLI-Advanced Chemistry Cell and FAME-II schemes.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsThe Heavy Industries Ministry is committing to provide clean and green public transport through the Faster Adoption and Manufacturing Electric Vehicles [FAME-II] scheme to reduce dependence on fossil fuel, while addressing the issues of vehicular carbon emissions. Meanwhile, the nation has adopted the stanza to achieve net zero carbon by 2070.
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