The Ministry of Heavy Industries (MHI) has announced the re-bidding of performance-linked incentives (PLI) for 20 GWh advanced chemistry cell (ACC) manufacturing. This is purportedly the capacity left unallocated after Hyundai Global Motors Company, one of the four winners of the 50 GWh PLI tender last year, withdrew from the scheme.
The MHI will organize a stakeholder consultation with industry representatives on July 24, 2023, for their input and suggestions before starting the re-bidding process for the remaining 20 GWh capacity.
The consultation will be chaired by the Secretary, MHI.
“The Ministry is committed to finalizing the bidding documents and proceeding with the rebidding process at the earliest,” stated an MHI release.
In May 2021, the government had approved the PLI Scheme for achieving a manufacturing capacity of 50 GWh of ACCs and 5 GWh of niche ACCs with an outlay of INR 18,100 Crore. The first round of the ACC PLI bidding was concluded in March 2022, and a cumulative battery cell capacity of 50 GWh was 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. Hyundai Global Motors Company, however, withdrew from the scheme. The other three companies were allocated a total capacity of 30 GWh, and the program agreement with them was signed in July 2022.
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