Speed Post News Network
New Delhi : Union Power and NRE Minister R K Singh on December 8, 2021, evening, chaired here an inter-ministerial meeting on PLI scheme on Advanced Chemistry Cell Battery Storage and Strategy to acquire Lithium mines abroad. Officials from Ministry of Mines, Ministry of Coal , Ministry of Heavy industries, MEA , NITI Ayog, and senior officials from Power Ministry were present at the meeting.
The Minister took an update on status of bids on PLI Scheme by 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 varies in different countries and we need to prepare accordingly, he added, according to a PIB release.
Singh said that India is a huge country in terms of energy requirements 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 the country’s RE Targets.