GRID INTEGRATION: Cabinet nod to ₹3,760-cr VGF for battery storage
Financial Express Mumbai|September 07, 2023
Scheme to help create 4,000 MWh battery storage
MANISH GUPTA
GRID INTEGRATION: Cabinet nod to ₹3,760-cr VGF for battery storage

THE CABINET ON Wednesday approved an outlay of ₹3,760 crore to spur investments in battery energy storage systems (BESS) via viability gap funding. While the scheme that provides VGF of up to 40% of capital cost of beneficiary projects will run for three years, the budgetary funds sanctioned will be disbursed in five tranches till FY31, information and broadcasting minister Anurag Thakur said.

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