Cabinet approves the Scheme titled Viability Gap Funding for Development of Battery Energy Storage Systems (BESS)
September 21, 2023 2023-09-21 12:04Cabinet approves the Scheme titled Viability Gap Funding for Development of Battery Energy Storage Systems (BESS)
Cabinet approves the Scheme titled Viability Gap Funding for Development of Battery Energy Storage Systems (BESS)
✅ Government Unveils BESS Scheme to Energize the Nation for a Brighter Tomorrow
✅ BESS projects of total 4,000 MWh to be developed by 2030-31 under the Scheme through competitive bidding
✅ Viability Gap Funding (VGF) for the development of the BESS Scheme, with an initial outlay of Rs.9,400 crore, including budgetary support of Rs.3,760 crore
✅ A minimum of 85% of the BESS project capacity to be made available to Distribution Companies (Discoms)


