NEW DELHI : After announcing a ₹3,760-crore viability gap funding (VGF) support for battery energy storage systems, the Centre is now considering a VGF scheme for pump storage projects (PSP) as well.
A person aware of the development said that as guidelines have been announced for pump hydro projects, a need is being felt to support a few projects through VGF.
“The policy framework for pump hydro is likely to be finalized soon and a VGF support would be provided along the lines of that announced for battery energy storage systems," the person added. Another person said that battery storage would be able to cater to only four-six hours of the day and that pump hydro projects are needed to back it up.
In PSPs, excess energy is used to pump water to an upper reservoir when power demand is low. When demand rises, water is released, turning a turbine which generates electricity. PSPs and battery storage projects are often used alongside solar or wind to ensure stable power supply.
Queries sent to the power ministry remained unanswered at press time.
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