Abstract:

Through this Scheme, the Government of India intends to optimally incentivize potential investors, both domestic and overseas, to set- up Giga-scale ACC manufacturing facilities with emphasis on maximum value additionand quality output and achieving pre committed capacity level within a pre-defined time-period.

Salient features of the Scheme are:

1. The scheme envisages setting up of a cumulative ACC manufacturing capacity of fifty (50) GWh for ACCs and an additional cumulative capacity of (5) GWh for Niche ACC Technologies.
2. Incentives will be offered only to those firms (hereinafter called the “Beneficiary Firm”) that have been allocated ACC production capacity (with cumulative capacity for all beneficiary firms combined together 50 GWh) under the said Programme through a transparent mechanism by inviting the Request for Proposal (RFP). The beneficiary firm will have to commit to set up minimum of five (5) GWh of ACCs manufacturing facility. The total annual cash subsidy to be disbursed by the Government will be capped at 20GWh per beneficiary firm.
3. In addition to 50 GWh of cumulative ACC capacity, 5GWh of cumulative capacity would be offered to “Niche” ACC technologies of higher performance with a minimum threshold capacity of 500 MWh. This initiative would also be technologically agnostic. Only the higher performance parameters would be the pre requisite for being eligible.