Power
Cabinet Approves ₹145 Billion Viability Gap Funding for 92 GWh Energy Storage
CEII brief
Mercom India reported on 4 Nov 2026: Cabinet Approves ₹145 Billion Viability Gap Funding for 92 GWh Energy Storage.
Read the full story on Mercom IndiaThe Union Cabinet has approved a ₹145 billion (~$1.53 billion) viability gap funding (VGF) program to support the development of 92 GWh of grid-scale energy storage capacity across India between the financial years (FY) 2027 and 2031.
Context from CEII
Grids decide whether generation becomes power that homes and businesses can rely on. Generation mix, transmission and distribution losses, and tariffs together shape reliability and the case for investment.
99.9% of people in India had electricity in 2024Countries in this story
Original reporting © Mercom India. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
