Reliance Industries Ltd. (RIL) bagged a 10 GWh Advanced Chemistry Cell (ACC) battery storage plant under the production-linked incentive (PLI) scheme, following the Quality and Cost-Based Selection (QCBS) mechanism.
Under the scheme’s guidelines, the selected company must ensure a minimum of 25% domestic value addition, increasing to 60% within five years. Additionally, it must invest ₹225 crore per GWh of committed capacity within two years.
According to the ministry of heavy industries (MHI), seven bids were assessed, with six companies advancing to the financial evaluation stage. Financial bids for the eligible companies were opened on August 2, 2024.
As reported by projectstoday.com, in the first round of ACC PLI bidding, held in March 2022, three companies secured a combined capacity of 30 GWh. The agreements with the selected firms were signed in July 2022. The scheme has a two-year gestation period from January 1, 2023, to December 31, 2024, followed by a five-year performance period running from January 1, 2025, to December 31, 2029.
