The government has awarded 10-GWh Advanced Chemistry Cell (ACC) capacity battery storage plant to Reliance Industries (RIL) under production-linked incentive (PLI) (PLI) scheme based on the quality and cost-based selection (QCBS) mechanism.

As per the terms of the scheme, the beneficiary firm has to ensure a domestic value addition of at-least 25 percent and raising it to 60 percent within five years while also making the mandatory investment of Rs 225 crore/ GWh for committed capacity within two years. 

As per the Ministry of Heavy Industries (MHI), seven bids were evaluated, and six companies were shortlisted for financial evaluation. Accordingly, the financial bids for the qualified bidders were opened on 02 August, 2024.

The first round of the ACC PLI bidding was concluded in March 2022, and three beneficiary firms were allocated a total capacity of 30 GWh, and the programme agreement with selected beneficiary firms was signed in July 2022. The scheme has two years of gestation period from the appointed date (January 1, 2023 to December 31, 2024) and five years post gestation period (January 1, 2025 to December 31, 2029) as the ‘performance period’.