Union Power and New & Renewable Energy Minister R K Singh has finalised the mechanism for deployment of funds for various projects to develop battery energy storage systems in the country.
Battery energy storage systems (BESS) will ensure round-the-clock supply of renewable energy.
The minister chaired a meeting on February 22 to finalise the structure for operationalising the scheme of viability gap funding for development of BESS with the capacity of 4,000 megawatthours (MWh), an official statement said on Sunday.
