Cabinet Approves ₹37.6 Billion Viability Gap Funding for Battery Energy Storage Projects
The approved program involves the development of 4,000 MWh of BESS projects by 2030-31
September 6, 2023
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The Union Cabinet has approved the viability gap funding (VGF) for the development of the battery energy storage systems (BESS) program with an initial allocation of ₹94 billion (~$1.1 billion), which includes budgetary support of ₹37.6 billion (~$452 million).