{"id":602742,"date":"2023-09-11T12:34:23","date_gmt":"2023-09-11T07:04:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=602742"},"modified":"2023-09-11T12:34:23","modified_gmt":"2023-09-11T07:04:23","slug":"cabinet-approves-rs-3760-crore-viability-fund-for-battery-systems-what-is-bess-and-why-is-it-needed","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cabinet-approves-rs-3760-crore-viability-fund-for-battery-systems-what-is-bess-and-why-is-it-needed\/","title":{"rendered":"Cabinet approves Rs 3,760 crore viability fund for battery systems; What is BESS and why is it needed"},"content":{"rendered":"<p>The Union cabinet on Wednesday approved a viability gap funding scheme (VGF) to encourage companies to set up battery energy storage systems in the country, offering up to 40% of the capital cost of the project. The government has set aside Rs3,760 crore from this year&#8217;s budget for the scheme aimed at creating 4,000 megawatt hours (MWh) battery energy storage systems (BESS) by 2030-31.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union cabinet on Wednesday approved a viability gap funding scheme (VGF) to encourage companies to set up battery energy storage systems in the country, offering up to 40% of the capital cost of the project. The government has set aside Rs3,760 crore from this year&#8217;s budget for the scheme aimed at creating 4,000 megawatt hours (MWh) battery energy storage systems (BESS) by 2030-31.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-602742","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/602742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=602742"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/602742\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=602742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=602742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=602742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}