Question
By which year does the Union Cabinet aim to develop 4
gigawatts (GW) of battery storage through the approved viability gap funding (VGF) scheme?Solution
The Union Cabinet has approved a scheme for providing viability gap funding (VGF) for developing battery storage of 4 gigawatts (Gw) by 2030-31. The VGF for the battery energy storage system (BESS) will have an initial outlay of Rs 9,400 crore and this will include a budgetary grant of Rs 3,700 crore.
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