MHI receives Seven bids against Global Tender of PLI ACC Scheme

PLI ACC Scheme promotes the manufacturing of technology in-lieu of Advanced Chemistry Cells in India

MHI receives Seven bids against Global Tender of PLI ACC Scheme

New Delhi: Ministry of Heavy Industries has received bids from seven bidders under global tender for the re-bidding of Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry Cell (ACC) manufacturing announced on 24th January 2024. The pre-bid meeting was held on 12th February 2024. The last date for receiving applications was 22nd April 2024 on the CPP portal and the Technical Bids opened on 23rd April 2024.

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 Fifty (50) Giga Watt hours (GWh) of ACC with an outlay of Rs.18,100 Crore.

 

Read Also : International Partnership: RITES signs contract with Bangladesh Railway

The first round of the ACC PLI bidding was concluded in March 2022, and three beneficiary firms were allocated a total capacity of Thirty (30) giga-watt hours (GWh), and the program agreement with selected beneficiary firms was signed in July 2022.

Read Also : BEL registers a growth of 34% in PAT during FY 2023-24

Further, MHI, Government of India had released a Request for Proposal on 24th January 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.

Read Also : Repayment of remaining $550m bond achieving a zero-debt position at HoldCo