Latest news with #GRIDCO
New Indian Express
4 hours ago
- Business
- New Indian Express
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.
New Indian Express
25-04-2025
- Business
- New Indian Express
Single-window panel approves seven RE projects worth Rs 1,191 crore
BHUBANESWAR: The single-window committee (SWC) of the Energy department chaired by principal secretary Vishal Kumar Dev has granted in-principle approval to seven renewable energy (RE) projects in the state. With a cumulative capacity of 149.97 MW entailing an investment of `1191.47 crore, the approved proposals include two wind power projects of 95.7 MW, four ground-based solar projects of 53.97 MW and the first battery storage project of 0.6 MWh. These projects will strengthen the state's progress towards achieving its RE goals under the Odisha Renewable Energy Policy-2022, Dev said . During the meeting, progress of various projects approved in the last SWC meeting was also reviewed. The proactive RE policy of the state government has streamlined the processes through the single-window committee and GRIDCO, the nodal agency, continues to attract investments in the renewable energy sector. The SWC has so far accorded in-principle approval for investment proposals worth Rs 12,387.36 crore for a total capacity of 1,707.56 MW in the RE sector.
