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Centre begins re-auction for 10 GWh tranche of ACC battery PLI scheme Categorical Occasions

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The Ministry of Heavy Industries (MHI) has introduced the re-bidding for a ten Gigawatt hour (GWh) tranche of the 20 GWh capability underneath the production-linked incentive (PLI) scheme for superior chemistry cell (ACC) battery storage. The capability was not awarded initially as Hyundai World Motors, one of many conditionally certified candidates, exited the bidding course of.

A budgetary outlay of Rs 3,620 crore has been earmarked as incentives for establishing this battery manufacturing capability within the newest spherical.

Within the present bidding course of, potential candidates can submit their bids to arrange a home manufacturing facility for ACC, which can assist them qualify for incentives underneath the PLI ACC scheme, the ministry stated in a press release.

“The bidding course of will probably be held on-line via a clear two-stage course of, underneath the High quality and Price-Primarily based Choice (QCBS) mechanism via CPP Portal,” MHI acknowledged.

A separate spherical of bids will probably be known as for an additional 10 GWh of incentives focused for stationary battery purposes like renewable power storage and energy administration.

The pre-bid convention is scheduled for February 12. The bid due date is April 22, and bids will probably be opened on April 23.

Commenting on the re-bidding, Union Minister of Heavy Industries Mahendra Nath Pandey stated that MHI is supporting the expansion of India’s manufacturing capabilities and exports within the car and car part sector. “MHI is absolutely dedicated to taking ahead Prime Minister Shri Narendra Modi’s resolve for a self-reliant (Atmanirbhar) and developed India (Viksit Bharat),” he added.

“Preserving this in thoughts, lately, the Ministry of Heavy Industries has taken a number of initiatives to advertise environmentally pleasant product manufacturing within the automotive business, such because the PLI-Auto, PLI – Superior Chemistry Cell, and FAME-II schemes,” Pandey acknowledged.

In Could 2021, the Cupboard accredited the technology-agnostic PLI Scheme on ‘Nationwide Programme on Superior Chemistry Cell (ACC) Battery Storage’ to realize a producing capability of fifty GWh of ACC, with an outlay of Rs 18,100 crore.

The federal government initially declared Hyundai World Motors as one of many 4 eligible gamers out of 9 who utilized for the PLI scheme. Nevertheless, it needed to re-examine the provide after the South Korean car large Hyundai Motor Firm issued a public assertion in August 2022 saying it had no hyperlink with Hyundai World Motors and the latter was not authorised to make use of the Hyundai trademark and emblem.

Hyundai World Motors thereafter withdrew from the scheme.

Out of the 4 firms that have been declared bid winners, Rajesh Exports quoted an curiosity and acquired 5 GWh capability, adopted by Hyundai World Motors which was allotted 20 GWh of capability.

The third participant, Ola Electrical, was awarded one other 20 GWh, and the fourth, Reliance New Vitality Photo voltaic, sought 20 GWh however acquired the remaining 5 GWh.

The MHI had earlier introduced that industrial manufacturing of battery cells underneath the PLI is anticipated to start within the fourth quarter of monetary yr 24.

First Printed: Jan 24 2024 | 5:36 PM IST

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