Power Minister chairs inter-ministerial meeting on PLI Scheme for Battery Storage

Minster Reviews Strategy to acquire Lithium mines abroad

Union Minister of Power and MNRE Shri R.K Singh chaired an interministerial meeting on the PLI scheme on Advanced Chemistry Cell Battery Storage and Strategy to acquire lithium mines abroad, here yesterday evening. Officials from the Ministry of Mines, Ministry of Coal, Ministry of Heavy industries, MEA, NITI Ayog and senior officials from the Power Ministry were present at the meeting.

The Minister took an update on the status of Bids on PLI Scheme by the Ministry of heavy industries and directed to expedite the PLI bid processes. He further discussed the availability of Lithium reserves in the world. He reviewed the probable locations where India can explore Lithium mines. The process and mechanism of acquiring mines vary in different countries and we need to prepare accordingly, he added.  

The Minister brought to the attention that India is a huge country in terms of energy requirements and hence our requirement for battery storage is also huge and is estimated as 120 GWh by 2030, to support our 500 GW renewable capacity addition. He further discussed future prospects and long term planning in view of our RE Targets.

Disclaimer : This is an official press release by PIB.