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₹5,400-cr funding support for battery storage systems
Financial Express Delhi
|June 11, 2025
The Ministry of Power on Tuesday approved ₹5,400 crore in viability gap funding (VGF) to develop 30 gigawatt hour (GWh) of battery energy storage system.
THE MINISTRY OF power on Tuesday approved ₹5,400 crore in viability gap funding (VGF) to develop 30 gigawatt hour (GWh) of battery energy storage system.
"This will help in meeting the country's BESS (battery energy storage system) requirement by 2028 and attract an investment of about ₹33,000 crore," power minister Manohar Lal Khattar said, adding the tender for the projects will be issued in the next three months.
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