Odisha to avail funding from Centre for battery energy storage projects
BHUBANESWAR: The state government has conveyed its willingness to the Ministry of Power to implement the allocated capacity of battery energy storage system (BESS) under the viability gap funding (VGF) scheme to enhance its grid stability.
This is in response to a recent communication from the New and Renewable Energy division of the ministry allocating 500 megawatt hour (MWh) to Odisha out of the total allocation of 16,500 MWh to 15 states to ensure grid integration of renewable energy (RE) and reliable electricity supply.
Acknowledging the importance of BESS, GRIDCO in its response to the ministry said, 'The state is committed to accelerating the development of RE and associated infrastructure in line with national priorities and is keen to support the initiative.'
GRIDCO being the nodal agency of the state government for RE projects has identified 10 locations for installation of the battery energy storage system. However, in the first phase BESS will be set up in four grid sub-stations under VGF scheme supported through the power system development fund (PSDF), sources said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
8 hours ago
- Mint
Power ministry announces additional ₹5,400 cr VGF for 30 GWh battery energy storage
New Delhi: Union minister for power Manohar Lal on Tuesday said the government will roll out an additional viability gap funding (VGF) worth ₹ 5,400 crore for setting up 30 GWh of battery energy storage systems (BESS). Addressing journalists, the minister announced several plans to meet rising power demand and achieve India's ambitious net zero target of 2070. The incentive will be over and above the existing incentive worth ₹ 3,700 crore VGF under which 13.2 GWh of BESS is currently under implementation. The initiative will attract investments worth ₹ 33,000 crore, he said. Under the scheme 15 states will receive allocations for 25 GWh of storage capacity and state-run NTPC Ltd will get 5 GWh. The Union minister said the first round of tender for the new VGF will be floated within 3 months. "India is targeting 393 GW of renewable energy capacity (293 GW solar and 100 GW wind) by 2030. But renewable energy is highly intermittent and needs energy storage solutions to ensure round the clock power supply and grid stability. Hence, BESS is essential especially to meet peak demand during non-solar hours," Lal told reporters. Solar and wind are intermittent sources of renewable energy and India is targeting 500 GW of non-fossil capacity by 2030. Storage systems including BESS and pump storage plants (PSP) are expected to play a key role in stabilizing power supply and the grid. According to the India Energy Storage Alliance, an industry grouping, the country's energy storage sector is likely to attract ₹ 4.79 trillion investment by 2032. The CEA estimates a project requirement of 411.4 GWh (175.18 GWh from PSP and 236.22 GWh from BESS) of energy storage systems by FY32. "The first tender under the new VGF allocation would be launched in three months," the minster said. Lal also said that during the recent conflict with Pakistan, the power sector in the country, largely the state load dispatch centres (SLDC) faced a number of cyber-attacks which were thwarted adequately via firewalls in the Indian power system. On 3 May, Mint reported that India has stepped up the security of its national power grid as heightened tensions with Pakistan revive memories of cyberattacks in recent years and the power ministry has tightened security protocols at the load dispatch centres which manage the demand and supply of power. He said that work is underway to set up undersea transmission cables to the UAE and Saudi Arabia with an estimated capex of ₹ 90,000 crore. High-Voltage Direct Current (HVDC) sub-sea transmission cables of 1,400 kilometres and 1,600 kilometres would be established from India to Saudi Arabia and the UAE respectively. India has already signed agreements with both the countries for the inter-connectivity of the power grids. Further, as government aims to boost nuclear energy in the country in order to increase the base load capacity to maintain grid stability amid rising renewable energy capacity, the minister said that the Centre has suggested states, which are not in the Seismic zone 5 (Very High Damage Risk Zone due to earthquake), to set up nuclear power projects. Currently, India has over 8 GW of installed nuclear power capacity and aims to reach 22 GW by 2032 and 100 GW by 2047. In another development, the power minister said that the government has decided to standardize temperatures of air conditioners in the country and mandate a range. "The temperature in ACs will be set between 20 degree celsius and 28 degree celsius," he said, adding that guidelines on this would be released soon. The move is aimed at energy conversation, energy efficiency and curbing climate change. Cooling requirements is a key factor for the country's peak power demand touching record levels in the past three years. Last year, India witnessed its highest-ever peak power demand of 250 GW. This year, it has hit 241 GW so far, on 5 June. The Central Electricity Authority has projected a peak of 270 GW this summer season.
Time of India
9 hours ago
- Time of India
Raj to get 720cr for battery storage plants
Jaipur: Chief minister Bhajan Lal Sharma Tuesday said Rajasthan has been allocated 4,000 MWh battery energy storage system (BESS) under Viability Gap Funding (VGF) by the Union Ministry of Power. As part of the VGF, while will be given from Power System Development Fund, Rajasthan will get a central assistance of Rs 720 crore at the rate of Rs 18 lakh per MWh. The chief minister said that as a result of this allocation, the development of battery energy storage projects in the state will be accelerated, so that electricity generated from renewable sources like solar and wind energy can be preserved and used as per requirement. This will also improve grid stability and will help in uninterrupted and accessible supply of electricity during non-solar hours and peak load, he added. The chief minister said that the govt is committed to making the state a green energy hub and is ready to develop the BESS system by submitting a time-bound proposal as per the prescribed procedure. Sharma had written a letter to the Union Power Minister and personally met him, requesting him to allocate additional BESS capacity to Rajasthan. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Преносим лазерен заваръчен пистолет, 50% отстъпка в нов магазин HEO Купете сега Also, he had prominently raised this demand in the meeting of the Governing Council of NITI Aayog. The centre has decided to provide assistance under VGF for the development of 30 GWh BESS capacity across the country, out of which 25 GWh capacity has been allocated to 15 states and 5 GWh capacity to NTPC. Jaipur: Chief minister Bhajan Lal Sharma Tuesday said Rajasthan has been allocated 4,000 MWh battery energy storage system (BESS) under Viability Gap Funding (VGF) by the Union Ministry of Power. As part of the VGF, while will be given from Power System Development Fund, Rajasthan will get a central assistance of Rs 720 crore at the rate of Rs 18 lakh per MWh. The chief minister said that as a result of this allocation, the development of battery energy storage projects in the state will be accelerated, so that electricity generated from renewable sources like solar and wind energy can be preserved and used as per requirement. This will also improve grid stability and will help in uninterrupted and accessible supply of electricity during non-solar hours and peak load, he added. The chief minister said that the govt is committed to making the state a green energy hub and is ready to develop the BESS system by submitting a time-bound proposal as per the prescribed procedure. Sharma had written a letter to the Union Power Minister and personally met him, requesting him to allocate additional BESS capacity to Rajasthan. Also, he had prominently raised this demand in the meeting of the Governing Council of NITI Aayog. The centre has decided to provide assistance under VGF for the development of 30 GWh BESS capacity across the country, out of which 25 GWh capacity has been allocated to 15 states and 5 GWh capacity to NTPC.
India Gazette
11 hours ago
- India Gazette
"Will play important role in achieving green energy goals": Rajasthan CM Bhajanlal after Centre allocates 4000 MWh battery energy storage system
Jaipur (Rajasthan) [India], June 10 (ANI): Rajasthan Chief Minister Bhajanlal Sharma on Tuesday expressed gratitude to the Centre for allocating a 4000 MWh battery energy storage system under the Viability Gap Funding (VGF) Scheme. In a post on X, the Rajasthan CM said the move will help the state achieve targets set under green energy 'I express my heartfelt gratitude and thanks to the Prime Minister Narendra Modi ji and the Union Energy Minister Manohar Lal ji for providing central assistance to Rajasthan by allocating 4000 megawatt per hour (MWh) battery energy storage system under the VGF scheme by the Union Ministry of Power. 'I am confident that this visionary decision will not only give a new direction to the energy sector in the state but will also play an important role in achieving the goals of green energy,' he added. The Viability Gap Funding (VGF) Scheme is a government initiative in India designed to support infrastructure projects that are economically beneficial but commercially unviable. It provides financial assistance, in the form of grants, to these projects, making them financially attractive to private investors. Earlier today, Rajasthan Chief Minister Bhajanlal Sharma lauded the Prime Minister Narendra Modi-led government on the occasion of its 11th anniversary. CM Sharma held a press conference to highlight the government's achievements and said that PM Modi focused on 'GYAN--Gareeb (poor), Yuva (youth), Annadata (farmers) and Narishakti (women empowerment)'. Bhajanlal Sharma said, 'The last 11 years have been the years of change, development, and pride for India. Today, we can say with pride that India, under the leadership of PM Narendra Modi, is becoming an emerging power and is en route to becoming the third-largest economy. In 2014, we were in 11th position in terms of economy, we came in 5th position, and now we're in 4th.' Noting achievements under PM Modi's 11-year tenure, he said, 'PM Modi focused on GYAN--Gareeb, Yuva, Annadata, and Narishakti.' He added that the works for the poor include PM Gareeb Anna Kalyan, where 81 crore people received free grains, more than 15 crore houses received water connections, and four crore houses were constructed under the PM Awas Yojana. (ANI)
