New Delhi, Aug. 19 -- With no disbursal from the Rs.18,100-crore production-linked incentive scheme for advanced chemistry cells (PLI-ACC) in four years since the cabinet approval, the ministry of heavy industries will review the scheme to chart a roadmap ahead, secure investments, and ensure battery storage capacity utilisation, according to two officials aware of the development.
Under the scheme, MHI had planned to award incentives for developing 50 gigawatt-hour (GWh) of storage capacity to interested battery makers to ensure that indigenous batteries would be made by the end of 2029.
But the government has only managed to secure manufacturers for 40 GWh, with the remaining capacity yet to be awarded. There has been no disbursal of ...
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