+
Govt floats tender for energy storage manufacturing facilities
POWER & RENEWABLE ENERGY

Govt floats tender for energy storage manufacturing facilities

The Ministry of Heavy Industries and the centre has floated a tender to set up production capacities of a minimum of 5 GWh of Advanced Chemistry Cells (ACC) for energy storage under a production-linked initiative (PLI).

The deadline to submit the bids is 31 December 2021, and the bids will be opened on 3 January 2022.

The winning bidder will have to set up an ACC facility of at least 5 GWh capacity with a value addition of at least 25% within two years from the proposed date and 60% value addition within five years from the appointed date.

The subsidy amount quoted by the bidder should be subjected to Rs 2,000 per kWh. Bidders quoting over Rs 2,000 per kWh will be rejected.

The winning bidder will have to submit Rs 10 billion as a security amount in the form of a bank guarantee from any national bank or scheduled bank across the country.

In June, the Department of Heavy Industry and the Government of India issued an order for the PLI scheme to implement ACC manufacturing units for electric vehicles.

In November 2020, the centre approved the PLI scheme in 10 major sectors to boost India's manufacturing capacities and exports. The plan's five years incentive is Rs 181 billion to maintain 50 GWh domestic ACC manufacturing.

The bidder should be a single firm or a group of entities coming together to implement the project. The bidder should be a single person, private entity, public sector or a combination with a formal intent to agree to an existing contract to form a consortium.

To participate in the bidding, the bidder should not be an alternative investment fund (AIF) or a foreign investment fund. The net worth of the bidder should be at least Rs 2.25 billion per GWh. If the bidder is an AIF of a foreign investment fund, the minimum ACI should be Rs 2.25 billion per GWh at the end of the previous financial year. Bidding in any capacity, the net worth of the bidder should be a minimum of Rs 15 billion per the request of the proposal.

Image Source

Also read: Govt working on Energy Storage Policy

The Ministry of Heavy Industries and the centre has floated a tender to set up production capacities of a minimum of 5 GWh of Advanced Chemistry Cells (ACC) for energy storage under a production-linked initiative (PLI). The deadline to submit the bids is 31 December 2021, and the bids will be opened on 3 January 2022. The winning bidder will have to set up an ACC facility of at least 5 GWh capacity with a value addition of at least 25% within two years from the proposed date and 60% value addition within five years from the appointed date. The subsidy amount quoted by the bidder should be subjected to Rs 2,000 per kWh. Bidders quoting over Rs 2,000 per kWh will be rejected. The winning bidder will have to submit Rs 10 billion as a security amount in the form of a bank guarantee from any national bank or scheduled bank across the country. In June, the Department of Heavy Industry and the Government of India issued an order for the PLI scheme to implement ACC manufacturing units for electric vehicles. In November 2020, the centre approved the PLI scheme in 10 major sectors to boost India's manufacturing capacities and exports. The plan's five years incentive is Rs 181 billion to maintain 50 GWh domestic ACC manufacturing. The bidder should be a single firm or a group of entities coming together to implement the project. The bidder should be a single person, private entity, public sector or a combination with a formal intent to agree to an existing contract to form a consortium. To participate in the bidding, the bidder should not be an alternative investment fund (AIF) or a foreign investment fund. The net worth of the bidder should be at least Rs 2.25 billion per GWh. If the bidder is an AIF of a foreign investment fund, the minimum ACI should be Rs 2.25 billion per GWh at the end of the previous financial year. Bidding in any capacity, the net worth of the bidder should be a minimum of Rs 15 billion per the request of the proposal. Image Source Also read: Govt working on Energy Storage Policy

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?