India, Dec. 12 -- The Government of India has issued a release:
Sl. No.
Beneficiary firms under PLI ACC Scheme
Capacity Awarded
Capacity Installed
1.
ACC Energy Storage Pvt. Ltd.
5
0
2.
Ola Cell Technologies Pvt. Ltd.
20
1
3.
Reliance New Energy Battery Storage Ltd.
5
0
4.
Reliance New Energy Battery Ltd.
10
0
TOTAL
40
1
(in GWh)
(in GWh)
The Ministry of Heavy Industries is administering the Production Linked Incentive (PLI) scheme namely "National Programme on Advanced Chemistry Cell (ACC) Battery Storage," approved in May 2021 with a total outlay of Rs.18,100 crore to establish 50 GWh of domestic Advanced Chemistry Cell manufacturing capacity.
A total capacity of 40 GWh has been awarded to four beneficiary firms. Till date, no beneficiary firm has claimed any incentive under the PLI ACC scheme, and beneficiary-wise details of the capacity awarded and the actual capacity installed are as under:
The challenges faced by domestic manufacturers in competing with imported batteries are as under:
As per the information received from M/o Mines, M/o Mines has undertaken several measures, which inter alia include:
The PLI ACC scheme is technologically agnostic, which ensures that superior technologies receive higher incentives. The scheme is designed to attract substantial investments, promote research and development, and reduce dependency on imports for ACCs. Further, under the scheme, expenditures incurred by beneficiary firms on Research and Development are permitted to meet investment criteria, allowing them to integrate the latest technology in the implementation of their projects.
This information was given by the Minister of State for Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Rajya Sabha today.
Disclaimer: Curated by HT Syndication.
