+
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
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?