Governance Now Visionary Talks Series

BHEL and Libcoin to set up India’s first lithium-ion battery plant

The project will bring energy independence by replacing oil imports with abundant renewable

GN Bureau | January 21, 2019


#BHEL   #Libcoin   #battery plant   #PSU   #environment   #climate change   #renewable energy   #oil imports  

The government has said that state-run BHEL and Libcoin are in talks to form a world class consortium to initially build 1 GWh (Gigawatt hours) lithium ion battery plant in India. The plant’s capacity will be enhanced up to 30 GWh after some time. With this, India has finally taken steps into its energy security and clean energy commitment to the world.

 
BHEL will dispatch 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 project will bring energy independence by replacing oil imports with abundant renewable. This project 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.
 
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.

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