Centre receives seven bids to set up giga-scale battery manufacturing facilities under PLI ACC scheme

New Delhi [India], April 23 (ANI): The Ministry of Heavy Industries (MHI) 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 January 24, 2024, an official release said on Tuesday.
According to the release, the pre-bid meeting was held on February 12, 2024. The last date for receiving applications was April 22, 2024, on the CPP portal and the technical bids opened on April 23, 2024.
The list of bidders (in alphabetical order) who have submitted bids in response to this tender are 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, and Waaree Energies Limited, for a cumulative capacity of 70 GWh, added the statement.
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) gigawatt hours (GWh) of ACC 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 thirty (30) gigawatt hours (GWh), and the programme agreement with selected beneficiary firms was signed in July 2022.
Further, MHI, Government of India, released a Request for Proposal (RfP) on January 24, 2024 for the shortlisting and selection of bidders under the Production-Linked Incentive (PLI) Scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage' for setting up ACC Manufacturing Units with a total manufacturing capacity of 10 Giga Watt Hour (GWh) with a maximum budgetary outlay of Rs. 3,620 crore. (ANI)