The Ministry of Power (MoP) has released operational guidelines for a programme worth Rs 94 billion to offer viability gap funding of up to 40 per cent to facilitate the development of 4,000 MWh of battery energy storage systems capacity nationwide. The initiative will span a duration of three years, starting from 2023-24 and concluding in 2025-26, with a budgetary allocation of Rs 37.6 billion. The programme also requires projects to be commissioned within 24 months of agreement signing.
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