Renewable Mirror News Detail

Big push for energy transition likely in Budget 2023

25 Dec 2022

Finance minister Nirmala Sitharaman may unveil a range of initiatives to support India’s energy transition in the Union budget, including a ?21,650 crore scheme to encourage the setting up of grid-scale battery energy storage systems (BESS), ?3,765 crore in viability grants for such projects, and reduced import duties on parts to build BESS, two people aware of the development said.

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