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Existing ACC battery units may be able to apply for PLI
Mint Mumbai
|August 02, 2023
The government is considering a proposal to allow existing advanced chemistry cell (ACC) battery storage projects to apply for unutilized capacity under the production-linked incentive (PLI) scheme for the sector, two people aware of the matter said.
At a 24 July meeting, some industry executives proposed allowing brownfield projects to apply for the capacity not allotted to greenfield projects, according to the people cited above. Currently, only greenfield projects are eligible for the scheme.
The 20 gigawatt hours (GWh) fell vacant after Hyundai Global Motors Co. Ltd, which was selected for the scheme, withdrew its proposal last year. The development followed after South Korean automobile giant Hyundai Motor Co. denied any links with Hyundai Global Motors. In July last year, the government signed agreements with selected applicants other than Hyundai Global Motors, leaving the 20GWh capacity unallocated.
Denne historien er fra August 02, 2023-utgaven av Mint Mumbai.
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