The government of India has earmarked Rs 18,100 crore as approved financial outlay for implementing the PLI scheme in the Advance Chemistry Cell (ACC) Battery vertical. NITI Aayog and Department of Heavy Industries has been made the implementing agency for the same.
Advance Chemistry Cells (ACCs), as Niti Aayog defines it, are the new generation advance storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required.
The Bidder shall have a minimum Net Worth of INR 225,00,00,000 (Rupees two hundred and twenty-five crore only) per GWh, as per the capacity specified in its Technical Bid for the Financial Year preceding the date of submission of the Bid.
In the first stage, the Technical Bid will be evaluated on the basis of the Value Addition (as defined in the Programme Agreement) committed by the Bidder, and the Scale of Production (as defined in the Programme Agreement) committed by the Bidder (the “Technical Capacity”). Only those Bidders who commit minimum 60% (sixty) percent Value Addition at the Project and installation of ACC manufacturing capacity between 5 GWh to 20 GWh, within 5 (five) years from the Appointed Date shall qualify for further consideration and shall be ranked from highest to the lowest on the basis of their technical score (ST).
Subject to Clause 11.5, 11.6, 11.7 and 11.8, , the Beneficiary Firm shall be entitled to avail the Subsidy in accordance with this Agreement for a period of 10 (ten) years from the Appointed Date.
Subject to Clause 11.5, 11.6, 11.7 and 11.8, , the Beneficiary Firm shall be entitled to avail the Subsidy in accordance with this Agreement for a period of 10 (ten) years from the Appointed Date.
Notwithstanding anything contained herein, the cumulative Subsidy payable by the Government to the Beneficiary Firm during the Term of this Agreement, shall not exceed INR 1,420 crore (Rupees one thousand and four hundred and twenty crores) per GWh.
The Structure of the documents and the Model of the bid adopted under the Programme encompasses the following key features, first, the cash subsidy shall be offered on output, i.e. the volume of cells manufactured and sold by the beneficiaries. Second, it’s a technology agnostic initiative, whereby only cells with higher performance specifications (i.e., Energy Density & Cycle Life) shall be eligible to avail of the incentives.
Download: https://niti.gov.in/sites/default/files/2020-11/Model-Bid-Documents-ACC.pdf
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