Centre begins re-auction for 10 GWh tranche of ACC battery PLI scheme
The Centre on Wednesday announced re-bidding for the 10 Gigawatt hour (Gwh) tranche of the total 20 GWh capacity under the production-linked incentive (PLI) scheme for the advanced chemistry cell (ACC) battery storage. A budgetary outlay of Rs 3,620 crore has been earmarked as the incentive against setting up this battery manufacturing capacity in the latest round.
In the current bidding process, the prospective applicants can submit their bids to set up a domestic manufacturing facility for ACC, which will help them qualify for incentives under the PLI ACC scheme, the Ministry of Heavy Industries (MHI) said.
