India’s ministry of Heavy Industries today announced four winners under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage.
A cumulative battery cell capacity of 50GWh has been allocated to Hyundai Global Motors Company (20GWh), Ola Electric Mobility (20GWh), Reliance New Energy Solar Limited (5GWh), and Rajesh Exports (5GWh) for incentives support under the scheme.
The selected bidders will have to set up the manufacturing facility within two years from the appointed date. The incentive will be disbursed thereafter over a period of five years on the sale of batteries manufactured in India.
The tender attracted ten bids in all, out of which nine were found eligible as per the tender requirements. The financial bids for the qualified bidders were opened after announcement of the technical evaluation results.
Final evaluation of the selected bidders was carried out on quality and cost parameters and the bidders were ranked on the basis of their combined technical and financial score. The ACC capacities were allocated in the order of their rank, till a cumulative capacity of 50GWh per year.
The remaining shortlisted bidders are placed under a waiting list. These include Mahindra & Mahindra Limited, Exide Industries Limited, Larsen & Toubro Limited, Amara Raja Batteries Limited, and India Power Corporation Limited.
The PLI Scheme is designed in such a manner that it is technology agnostic. The beneficiary firm shall be free to choose suitable advanced technology and the corresponding plant and machinery, raw material and other intermediate goods for setting up the cell manufacturing facility to cater to any application.
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