The government has awarded Reliance Industries Limited (RIL) a 10-GWh Advanced Chemistry Cell (ACC) battery storage plant under the Production-Linked Incentive (PLI) scheme, selected through a quality and cost-based selection (QCBS) mechanism.
Under the scheme’s terms, RIL has to ensure at least 25 per cent domestic value addition, increasing to 60 per cent within five years, and make a mandatory investment of Rs 2.25 billion per GWh for the committed capacity within two years.
According to the Ministry of Heavy Industries (MHI), seven bids were evaluated, and six companies were shortlisted for financial evaluation, with the financial bids opened on 2 August 2024.
The first round of ACC PLI bidding concluded in March 2022, with three beneficiary firms allocated a total capacity of 30 GWh. The agreement with these firms was signed in July 2022. The scheme features a two-year gestation period from January 1, 2023, to December 31, 2024, followed by a five-year performance period from January 1, 2025, to December 31, 2029.