India’s Ministry of Heavy Industry (MHI) has received seven bids for its global tender for rebidding of production linked incentives (PLI) for the production of 10 GWh advanced chemical cells (ACC), originally announced in January 2024.
ACME Cleantech Solutions, Amara Raja Advanced Cell Technologies, Anvi Power Industries, JSW Neo Energy, Reliance Industries, Lucas TVS and Waaree Energies submitted bids for 70 GWh of cumulative capacity, against a tender of 10 GWh.
In May 2021, authorities approved the INR 18,100 crore ($2.5 billion) PLI scheme to achieve 50 GWh of ACC generation capacity.
The first round of ACC PLI bidding was completed in March 2022 and three beneficiary companies were allocated a total capacity of 30 GWh. Among the winning companies, Ola Electric Mobility assured incentive support for 20 GWh, Relying on new solar energy gained 5 GWh, and Rajesh Exports took 5 GWh. The program agreement with selected beneficiary companies was signed in July 2022.
In January, MHI floated a tender for setting up 10 GWh of ACC generation capacity, with a maximum PLI expenditure of INR 3,620 crore.
This content is copyrighted and may not be reused. If you would like to collaborate with us and reuse some of our content, please contact: editors@pv-magazine.com.
