Cabinet Clears Rs 14,500 Crore Funding Scheme For Grid-Scale Energy Storage

Cabinet Clears Rs 14,500 Crore Funding Scheme For Grid-Scale Energy Storage New Delhi, Nov 5 (KNN) The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a Rs 14,500 crore Viability Gap Funding (VGF) scheme to support the development of 92 GWh of grid-scale energy storage capacity during FY 2026-27 to FY 2030-31. The scheme will support 60 GWh of pumped storage projects, 30 GWh of battery energy storage systems (BESS) and 2 GWh of alternative energy storage technologies.

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