3 days ago
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.
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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.
