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Union Cabinet approves Viability Gap Funding for 4,000 MWh battery energy storage projects

Union Cabinet approves Viability Gap Funding for 4,000 MWh battery energy storage projects

Sep 07, 2023, at 06:31 am

New Delhi: The Union Cabinet has approved the scheme for Viability Gap Funding (VGF) for the development of Battery Energy Storage Systems (BESS) with an initial outlay of Rs.9,400 crore, including budgetary support of Rs 3,760 crore.