Cabinet clears Rs 14,500-crore scheme to add 92 GWh of energy storage capacity

New Delhi, Nov 4 (UNI) The union Cabinet, on Wednesday, approved a Rs 14,500-crore Viability Gap Funding (VGF) Scheme to develop 92 GWh of grid-scale energy storage capacity across the country, in a major push to strengthen India's power infrastructure, facilitate greater integration of renewable energy and ensure a reliable and affordable electricity supply round the clock. Announcing the decision after the Cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnaw said the scheme would be implemented over five financial years, from 2026-27 to 2030-31, and would provide financial assistance to projects that are yet to be commissioned. The proposed capacity…