From The Economic Times
Center-Right Owned by Bennett, Coleman & Co.Cabinet approves ₹14,500-crore scheme to add 92 GWh energy storage capacity
What's behind this
The Union Cabinet approved a ₹14,500‑crore viability gap funding (VGF) scheme to develop grid‑scale energy storage in India. The scheme targets the creation of 92 GWh of battery storage capacity nationwide and is planned to be implemented over five years, from the 2026‑27 to the 2030‑31 financial years. It is intended to support and strengthen the country’s energy storage capabilities.
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What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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left · 3 outlets
From AI-powered data systems to lithium and nickel processing plants, the Centre has cleared two initiatives aimed at strengthening India's...
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center · 6 outlets
New Delhi, Nov 4: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a capex support scheme to promote critical mineral processing with a financial outlay of Rs 2,814 crore over a period of five years. The ‘Capex Support Scheme to Promote Critical Mineral Processing…
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right · 4 outlets
The maximum capital support will be capped at Rs 500 crore per lithium beneficiary and Rs 900 crore per nickel beneficiary, respectively, according to an official statement.
— NDTV
RSS excerpt
The Union Cabinet has approved a significant ₹14,500-crore scheme aimed at developing new energy storage capacity. This funding will support the establishment of 92 GWh of grid-scale energy storage across India. Additionally, 850 fast-track courts will be set up to expedite cases involving child…
