New Delhi: The Ministry of Heavy Industries is all set to usher in an era of reduced import of crude oil and enhancement of renewable energy usage across the country through tenders it has floated for affecting an impetus in Advanced Chemistry Cell (ACC) Battery storage program. In all there are 10 companies that have responded with their bids.
The bids aggregated a capacity of 130 Giga-watt-hour (Gwh) under the Centre’s Production Linked Incentive (PLI) scheme for ACC Battery storage. There was an enthusiastic response from both local and global investors to boost manufacturing capacity in this key sector. The proposed capacity to be awarded for bidding was 50 GWh.
The scheme that has received heartening responses on completion of the submission of technical bids on Saturday has been allotted a two-year gestation period for fructification. The Centre plans to extend the incentive for a five year period to boost manufacturing of the storage batteries in India. The Centre, as of now has planned an INR 18,100 crores budgetary allocation for the implementation of the scheme. The scheme aims at achieving increased domestic value addition besides turning the Indian manufacturing sector globally competitive in this field. The companies that win the bid will have the freedom to choose suitable advanced technologies, production infrastructure as well as means of sourcing raw materials for end user consumption.
The government proposal comes in the wake of efforts to free the country from relying on fossil-based fuels and graduate towards the use of green and environmentally sustainable energy models.
-global bihari bureau
