Question

The Union Cabinet has approved viability gap funding for

battery storage system.Which of the following statements is/are true with respect to this? I.The Union Cabinet has approved a scheme for providing viability gap funding (VGF) for developing battery storage of 4 gigawatts (Gw) by 2028-29. II.The VGF for the battery energy storage system (BESS) will have an initial outlay of Rs 9,400 crore . III.The budgetary grant for the VGF is Rs.2500 crore. IV.The VGF would be disbursed in five tranches and be linked with the various stages of implementation of BESS projects.

A Only I

B Only I & II

C Only II & IV

D Only III & IV

E All of the above

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The Union Cabinet has approved viability gap funding for

Solution