Question
In which year is the development of 4,000 MWh of
VGF-BESS projects, with financial support of up to 40% of the capital cost as Viability Gap Funding (VGF), projected to be completed?Solution
The Union Cabinet, chaired by the Hon'ble Prime Minister approves the Scheme for Viability Gap Funding (VGF) for development of Battery Energy Storage Systems (BESS). The approved scheme envisages development of 4,000 MWh of BESS projects by 2030-31, with a financial support of up to 40% of the capital cost as budgetary support in the form of Viability Gap Funding (VGF).
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