BHEL, Libcoin to Build India’s 1st Lithium Ion Battery Plant

The government is further expecting that, this project will bring energy independence by replacing oil imports with abundant renewable.

Public sector electric equipment maker Bharat Heavy Electricals Ltd (BHEL) and Libcoin are in talks to form a consortium to initially build 1GWh lithium ion battery plant in India, says government.

The Ministry of Heavy Industries & Public Enterprises added that, “Its capacity will be scaled up to 30GWh in due course.”

With this, India has finally taken steps into its energy security and clean energy commitment to the world, it further added.

“BHEL will be sending a team of senior officers for study of the facilities, R&D infrastructure and other techno-commercial issues soon. Based upon the evaluation and recommendations of the team, further process towards formation of Joint Venture will be carried forward,” the Ministry further said.

The government is further expecting that, this project will bring energy independence by replacing oil imports with abundant renewable.

It also includes “Made by India, for India”, with focus on core-cost components manufactured domestically. It will also create integrated manufacturing ecosystem resulting in self-reliance and lower cost.

As per the government, the highlight of this project in India will be a holistic view of the supply chain in combination with cutting edge digital technologies to replace high CAPEX and OPEX processes.

Various Indian cities including Delhi have been struggling to cut down their pollution level for last several years and electric transportation has been considered as one of the viable approaches to cut down emission.

The number of electric cars in the world already hit million-mark last year and the International Energy Agency has projected almost 140 million electric cars globally by 2030, if countries meet Paris climate accord targets, in which India has already committed to actively participate.