Vgf scheme goi. 7453 crore, including an outlay of Rs.
Vgf scheme goi. In India, the VGF Sep 8, 2023 · The centre on Wednesday announced Rs 3,760 crore viability gap (VGF) funding to boost infrastructure for battery energy storage systems (BESS) projects in India In continuation of the Notification of even Number dated 23rd January, 2006 on the above subject it may be noted that prior to making a formal request to the Empowered Institution under the Viability Gap Funding (VGF) Scheme of GOI, the sponsoring Authority of a Public Private Partnership (PPP) project may if it so desires submit the project concept to the Department of Economic Affairs to VGF Scheme The Board (GIDB) has been a given dedicated scheme provision to financially support the PPP projects. Dec 23, 2023 · The projects under the scheme will be approved during a period of 3 years (2023-24 to 2025-26) and for passing on the scheme to consumers of the Discoms, at least 85% of the power from VGF-funded BESS projects shall be first offered to Discoms before making it available for others. 10/3/2018-PPP Government of India Ministry of Finance Department of Economic Affairs PPP Cell NOTIFICATION 07th December, 2020 Subject: Scheme and Guidelines for forwarding proposals for financial support to Public Private Partnerships in Infrastructure under the Viability Gap Funding Scheme Please find enclosed the detailed VGF Scheme (Annexure — I) and its Guidelines (Annexure Jun 19, 2024 · The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, today approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of Rs. On an Application made by the Owner (“the Proposal”) for the Project to be considered for viability gap funding (“VGF”) under the Scheme, the Empowered Institution has agreed to provide to the Concessionaire VGF by way of grant under and in accordance with the Scheme to the extent and in the manner setforth hereinafter. GIDB is the nodal agency for preparing VGF proposals for forwarding them to the DEA,GOI. This builds upon the previous 2023 scheme that had supported 13. 5,400 crore for supporting 30,000 MWh (or 30 GWh) of BESS capacity. Disbursement of VGF arantee of value equal to the sanctioned VGF, prior to its release to the BESS developer, as specified in the RfS. Mar 22, 2024 · The Ministry of Power has issued guidelines for the 'Viability Gap Funding (VGF) for Development of Battery Energy Storage Systems (BESS)' scheme. The "Scheme for Financial Support to Public Private Partnership in Infrastructure or Viability Gap Funding (VGF)" is an assistance extended by the Central Government in the form of grant to make a Public Private Partnership project financially viable. The scheme entails making the routes financially viable, without insisting on the financial viability of the regional airports, by lowering the cost of flight operations and through financial support in the form of viability gap funding (VGF). To offer proper financial support to such projects, GoI has devised a scheme known as VGF (Viability Gap Funding). Sep 6, 2023 · The Union cabinet on Wednesday approved a viability gap funding scheme (VGF) to encourage companies to set up battery energy storage systems in the country, offering up to 40% of the capital cost of the project. Curated initiatives and case studies from across India and the world, to inspire learning, sharing and consider. “This will help in meeting the country Aug 6, 2024 · Cabinet approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects for installation and commissioning of 1 GW of offshore wind energy projects (500 MW each off the coast of Gujarat and Tamil Nadu). 2 The procedure to be followed for submission, appraisal and approval of financial support under this Scheme is specified below. 50 crore. 2 GWh, reflecting growing policy Nov 11, 2020 · The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approvedContinuation and Revamping of the Scheme for Financial Support to Public Private Partnerships (PPPs) in Infrastructure Viability Gap Funding (VGF) Schemetill 2024-25 with a total outlay of Rs. This decision marks a significant step towards harnessing the vast offshore wind energy potential within the country’s exclusive economic zone. The Petitioner – GRIDCO has submitted that to meet the RPO specified by OERC, GRIDCO requisitioned for 500 MW Solar capacity to SECI Ltd. A watershed moment in Feb 1, 2025 · In 2024, the Union Cabinet approved a Rs. TABLE:- I Jun 19, 2024 · The Cabinet on Wednesday approved a Viability Gap Funding (VGF) scheme for offshore wind energy projects with a total outlay of ₹7,453 crore. Apr 26, 2025 · The Regional Connectivity Scheme- Ude Desh Ka Aam Nagrik (RCS-UDAN), a flagship initiative of Government of India (GoI) launched on October 21, 2016, aimed to democratize aviation by making flying accessible and affordable for all. 6 crore (Both GoI & State Share). UDAN Scheme: Launch Year, Objectives, Status, and Significance UDAN Scheme is a regional airport development and Regional Connectivity Scheme (RCS) of GoI, launched in 2017. Various policy measures are also undertaken to Mar 27, 2024 · The Ministry of Power (MoP) has released operational guidelines for a programme worth Rs 94 billion. Brief Introduction of UDAN-RCS Scheme: Ude Desh Ka Aam Naagrik (UDAN) – A Regional Connectivity Scheme (RCS) is a Flagship program of Govt. These projects, while economically justified, are commercially In continuation of the Notification of even Number dated 23rd January, 2006 on the above subject it may be noted that prior to making a formal request to the Empowered Institution under the Viability Gap Funding (VGF) Scheme of GOI, the sponsoring Authority of a Public Private Partnership (PPP) project may if it so desires submit the project concept to the Department of Economic Affairs to Jun 10, 2025 · The Union power ministry has announced a VGF scheme worth Rs. One-stop source for acts, policies, and schemes, sector overviews, and insights on key policy issues. The VGF for the BESS will have an initial outlay of Rs 94 billion and Central Transmission Utility of India Limited. Since 2012 the Government of Indonesia (GOI) has issued viability gap funding | Find, read and cite all the research you Dec 2, 2024 · (ii) Incentive Scheme for Promotion of coal gasification: For promoting Coal gasification in the country, the Government has approved ₹8500 crore incentive scheme to provide Viability Gap Funding (VGF) to promote Coal/Lignite Gasification Projects for both PSUs and the private sectors. 7453 crore, including an outlay of Rs. The 1st RCS-UDAN flight was inaugurated on April 27, 2017 by Prime Minister (PM) Narendra In order to achieve the above target, Government of India have launched various schemes to encourage generation of solar power in the country like Solar Park Scheme, VGF Schemes, CPSU Scheme, Defence Scheme, Canal bank & Canal top Scheme, Bundling Scheme, Grid Connected Solar Rooftop Scheme etc. The VGF amount has been set at Rs 1. It outlines the objectives and criteria of the VGF scheme, including sectors and projects eligible for funding, selection process, forms of funding, and approval process for funds over Rs. 7,453 crore Viability Gap Funding (VGF) scheme to set up India’s first offshore wind energy projects. 5. 03. A watershed moment in Jun 10, 2025 · The Ministry of Power, Government of India, has unveiled the second tranche of the Viability Gap Funding (VGF) scheme aimed at accelerating the development of standalone Battery Energy Storage Systems (BESS) across the country. 2 NSM Phase-II, Batch-IV: State Specific VGF Scheme Solar Energy Corporation of India (SECI) has been designated as the implementing agency for selection of Grid-connected Special Purpose Vehicle (SPV) projects for a cumulative capacity of at least 5000 MW to be set up on ‘Build-Own-Operate’ basis through Viability Gap Funding (VGF) mechanism. Government has also approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects for installation and commissioning of 1 GW of offshore wind energy projects. 19-09-2006 VGF Scheme Circular-6: Dt. The scheme is applicable to PPP projects where private sector is selected through competitive public bidding as prescribed under section 9 of Jun 12, 2025 · The Ministry of Power (MoP) has issued the second tranche of the viability gap funding (VGF) scheme to support the development of 30 GWh of battery energy storage system (BESS) capacity in India. 8,100 cr. Sub Scheme 1: The VGF support amount has been increased from existing maximum 40% to 60% for social sector projects. NHPC shall enter into a Battery Energy Storage Purchase Agreement (BESPA) with the successful bidders. The government has set aside Rs3,760 crore from this year's budget for the scheme aimed at creating 4,000 megawatt hours (MWh) battery energy storage systems (BESS) by 2030-31. The approved scheme envisages development of 4,000 MWh of BESS projects by 2030-31, with a financial support of up to 40 per cent of the capital cost as budgetary support in the form of VGF. Note: Offshore wind energy projects refer to developing and operating wind farms located offshore, typically in coastal waters or oceans. 600 crore for राज्यों की अक्षय ऊर्जा ऐजेंसियों का संघ (एरियास) नवीन एवं नवीकरणीय ऊर्जा मंत्रालय (एमएनआरई) देश में ग्रिड-कनेक्टेड और ऑफ-ग्रिड नवीकरणीय ऊर्जा को Jun 10, 2025 · Power ministry announces additional ₹5,400 cr VGF for 30 GWh battery energy storage The power minister also said that the government has decided to standardize temperatures of air conditioners Apr 3, 2025 · The Union Cabinet approved the Viability Gap Funding (VGF) Scheme for Battery Energy Storage Systems (BESS) on 6th September 2023, to support the development of BESS. This ambitious scheme aspires to generate 4,000 MWh of BESS projects by 2030-31, backed by up to 40% capital cost support in the form of VGF. Finance Minister Nirmala Sitharaman in her budget speech for 2025-26 (April-March) had outlined that a modified UDAN scheme Nov 20, 2024 · Under the Viability Gap Funding (VGF) scheme, the Ministry of Power aims to jumpstart the development of 14 gigawatt-hours (GWh) of BESS in the next few years. May 14, 2025 · 3. Jun 10, 2025 · Govt Picks 15 States, NTPC To Offer VGF Support For BESS The Ministry of Power has approved a ₹5,400 crore viability gap funding (VGF) scheme aimed at accelerating the deployment of BESS. of India, connecting unserved and underserved Airports and catering to Regional Areas and Hinterlands. SECI will handle funds to be made available under the scheme on behalf of GOI, for which they will be provided service charge of 1% of the funds handled/ routed through them. 28-08-2006 Obtaining in-principle approval of GOI under VGF Scheme Format for submission of proposals for doubtful project proposals under Circular-5: Dt. Jun 19, 2024 · The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, today approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of Rs. Nov 5, 2024 · MNRE, Wind Energy Division, GOI (2024). Jan 6, 2025 · The VGF Scheme allows for the expansion of public infrastructure projects into the provision of goods and services in the social sector, including waste water management, education, healthcare etc. What is the Viability Gap Funding scheme? Apr 15, 2025 · Project-wise Details of Infrastructure Projects for VGF Support under Scheme for Financial Support to Public Private Partnerships in Infrastructure (in reply to Unstarred Question as on 3rd December 2024) Sep 6, 2023 · The approved scheme envisages development of 4,000 MWh of BESS projects by 2030-31, with a financial support of up to 40% of the capital cost as budgetary support in the form of Viability Gap Funding (VGF). 4 billion. The VGF shall be disbursed in five tranches linked with the various stages of implementation of BESS projects. 2 GWh by FY 2027-28. Cabinet approves Viability Gap Funding (VGF) scheme for implementation of Offshore Wind Energy Projects. 53 billion till FY 2031-32 with an objective to commission 1 GW offshore wind power projects. This initiative will be backed by a Rs 5,400-crore viability gap funding (VGF) scheme, offering support at Rs 18 lakh per megawatt hour. The proposed revamping of the VGF scheme is to attract more PPP projects and facilitate the private investment in the social sectors (Health, Education, Waste Water, Solid Waste Management, Water Supply etc. The objective of UDAN scheme is to connect small and medium cities with big cities through air service. The VGF scheme, aligning with the National It is also imperative to promote Public Private Partnerships in the social sector to bring in private sector investments and efficiencies. The approved scheme envisages development of 4,000 MWh of BESS projects by 2030-31, with a financial support of up to 40% of the capital cost as budgetary support in the form of Viability Gap Funding (VGF). 38 In FY21, the GoI approved the continuation of the revamped Infrastructure Viability Gap Funding (VGF) scheme till 2024-25. Jun 10, 2025 · India’s Ministry of Power has announced the second tranche of the Viability Gap Funding (VGF) scheme to support the development of 30 GWh of battery energy storage systems (BESS), with a total budgetary outlay of INR 5,400 crore. Installation of Grid-Connected Solar Rooftop Power Plants. Nov 6, 2024 · Features RCS-UDAN is a market-driven scheme. Mar 24, 2025 · Viability Gap Funding (VGF) is a crucial financial instrument used by governments to support infrastructure projects that are economically viable but lack commercial feasibility. UDAN Scheme transforms Indian aviation, with 625 routes operational and ₹4,023 crore support. In continuation of the Notification of even Number dated 23rd January, 2006 on the above subject it may be noted that prior to making a formal request to the Empowered Institution under the Viability Gap Funding (VGF) Scheme of GOI, the sponsoring Authority of a Public Private Partnership (PPP) project may if it so desires submit the project concept to the Department of Economic Affairs to Jan 15, 2018 · Scheme: 300 MW of solar PV for defense establishments and paramilitary forces Financing is made available though Viability Gap Funding (VGF), which is provided as a capital subsidy. Sep 6, 2023 · By offering VGF support, the scheme targets achieving a Levelized Cost of Storage (LCoS) ranging from Rs 5. The Union Cabinet approved the Viability Gap Funding (VGF) scheme for Battery Energy Storage Systems (BESS) on September 6, 2023, to support sector development. 600 crore for Subject: Revised Draft Guidelines for Implementation of Scheme for setting up of 2000 MW Grid-connected Solar PV Power Projects under JNNSM, Batch-III “State Specific VGF Scheme”- Regarding. under State specific bidding Scheme of MNRE with VGF support out of which 300 MW Solar capacity was to be commissioned during FY 2017-18 and balance 200 MW Solar capacity was to be commissioned during FY 2018 -19 under VGF Scheme, Batch- IV with an Sep 4, 2023 · The Union Cabinet has approved the scheme for viability gap funding (VGF) for development of battery energy storage systems (BESS). Approved by the Union Cabinet in September 2023, the VGF scheme covers 40 per cent of the capital cost of BESS projects, spurring states and central public sector undertakings to fast-track expansion of capacities. By offering VGF support, the scheme targets achieving a Levelized Cost of Storage (LCoS) ranging from Rs. The Scheme is administered by the Department of Economic Affairs (DEA), Ministry of Finance and provides financial support in the form of We would like to show you a description here but the site won’t allow us. Dec 12, 2024 · Scheme for setting up of Ultra Mega Renewable Energy Parks is being implemented to facilitate the project developers for expeditious completion of such projects. 35/2009 to be the sole institution — or the “single window Jan 31, 2023 · From 2014-15 to 2022-23, under the VGF Scheme, 56 projects with TPC of ₹57870. What is ‘UDAAN’ Scheme India is the world's third-largest market in aviation sector. Apr 4, 2025 · The Ministry of New and Renewable Energy (MNRE) said that it has not issued any viability gap funding (VGF) for battery energy storage system in FY25. 2020 was sent to Secretary, MNRE, GOI by ACS, NRES requesting approval of VGF proposal for these projects, so that these projects can be set up in the state. Under this, the private developer is offered a grant based on the total project cost as follows : 8. [28] Aug 20, 2021 · The result shows that the funding combination consists of 50% of capital expenditure (CAPEX) from VGF provided by the Government of Indonesia (GoI), 30% of CAPEX provided by the international Sep 6, 2023 · The VGF shall be disbursed in five tranches linked with the various stages of implementation of BESS projects. In continuation of the Notification of even Number dated 23rd January, 2006 on the above subject it may be noted that prior to making a formal request to the Empowered Institution under the Viability Gap Funding (VGF) Scheme of GOI, the sponsoring Authority of a Public Private Partnership (PPP) project may if it so desires submit the project concept to the Department of Economic Affairs to Scheme Manager: The Scheme manager on behalf of MNRE would be Solar Energy Corporation of India (SECI) under the MNRE. The selection of BESS developers for VGF grants will undergo a 1. Jun 10, 2025 · New Delhi: In a strategic push for Renewable Energy (RE) expansion and its integration into the power grid, the Ministry of Power will issue a tender for 30 gigawatt hours (GWh) of Battery Energy Storage Systems (BESS) within the next three months. 8,100 crore. With a total budgetary allocation of ₹5,400 crore under the Power System Development Fund (PSDF), the initiative will support 30 GWh… Jun 25, 2024 · India's plans of developing 37 GW (gigawatt) of offshore wind energy at an investment of about ₹4,50,000 crore has kickstarted with the Union Cabinet approving a Viability Gap Funding (VGF) scheme worth ₹7453 crore for the first 1000 MW (1 GW). Feb 21, 2025 · NHPC Limited has been nominated as a BESS Implementing Agency (BIA) by Ministry of Power, GoI under the Viability Gap Funding (VGF) scheme for Development of Battery Energy Storage Systems. This initiative, strategically aimed at harnessing the vast offshore wind potential within India's exclusive economic zone, particularly off the coasts of Gujarat and Tamil Nadu, is a game-changer. The amount of VGF will be equivalent to the lowest bid for capital subsidy, but subject to a maximum of 20% of the total project cost. 2500/-. 2. This initiative aimed to bolster infrastructure projects carried out through the PPP mode. ) The guidelines essentially flow from the provisions of the scheme, approved by CCEA in 2005, and prescribe the procedure to be followed for posing the proposals for seeking VGF for PPP projects (A report by GOI, 2008). It is also identified agency of state govt. For other sector projects, Viability Gap Funding up to 40% of the Total Project Cost (maximum upto 20% by the Central and State Government each) is available. Scan of Revamped VGF Guidelines Alongwith All Annexures-compressed - Free download as PDF File (. 50-6. 1. In this article, we will delve into the Viability 6. Hilly 2. Sub Scheme 2: The VGF Support amount has been increased from existing maximum 40% to 80% for pilot projects in Health & Education sectors GOI SCHEME & GUIDELINES- VIABILITY GAP FUNDING VGF Sep 7, 2023 · India aims to develop 4 GWh of battery energy storage systems (BESS) by 2030-31 through its viability gap funding (VGF) scheme. ). 1(i). 600 crore for Jun 16, 2025 · The central government has approved a viability gap funding (VGF) scheme of Rs 54 billion to support the development of 30 GWh of battery energy storage systems (BESS). Apr 1, 2022 · Originally VGF up to 40% of the Total Project Cost (TPC) is provided by the GoI and the sponsoring authority, in the form of capital grant at the stage of project construction (20%+20). The amount of VGF under this scheme shall be equivalent to the lowest bid for capital grant, subject to maximum of 30% (Thirty percent) of the Total Project Dec 6, 2023 · Scheme for setting up 12,000 MW of Grid-Connected Solar PV Power Projects by the Government producers with Viability Gap Funding (VGF). The scheme aims to enhance BESS capacity by 4,000 MWh over a three-year period, from 2023-24 to 2025-26, with disbursements extending up to 2030-31. 09. Aug 21, 2024 · The 2024 Budget supported green hydrogen development, aligning with India’s energy transition and decarbonization strategy. Typically, social sector projects need high capital investments with low financial returns. A 500 MW project site off the Gujarat coast has been identified by National Institute Feb 14, 2022 · Since the scheme will create liabilities for the state in terms of capital expenditure, the Government can plan to introduce the VGF scheme initially for a definite period of time and later withdraw the same, in a systematic manner, after the airlines have achieved sustainable profit margins in terms of the required passenger traffic. Interested airlines, based on their assessment of demand on particular routes, submit proposals at the time of bidding. Dec 27, 2023 · Initiatives for Promoting PPPs: VGF Scheme: Under the existing VGF Scheme, it had been observed that majority of the projects taking benefit of the scheme were from economic sectors like roads etc. Viability Gap Funding (VGF) means a grant one-time or deferred, provided to support infrastructure projects that are economically justified but fall The Union Cabinet, chaired by the Hon'ble Prime Minister approves the Scheme for Viability Gap Funding (VGF) for development of Battery Energy Storage Systems (BESS). MNRE, GOI is yet to approve and sanction this Biomass power scheme with VGF proposed under concept paper @Rs 3 Cr/MW. Under the UDAN scheme, the airfare for a one-hour journey by a 'fixed wing aircraft' or half an hour's journey by a helicopter for about 500 km, has been fixed at Rs. This initiative aims to offer viability gap funding (VGF) of up to 40 per cent to facilitate the development of 4,000 MWh of battery energy storage systems (BESS) capacity nationwide. Nearly half of the seats in Udan flights are offered at subsidised fares, and the participating carriers are provided with a certain amount of viability gap funding (VGF). In FY21, the GoI approved the continuation of the revamped Infrastructure Viability Gap Funding (VGF) scheme till 2024-25. This funding is provided under the scheme-based budgetary allocations ratified through Parliament under the Union Budget, thereby enjoying statutory sanction. 1 crore were granted In-Principle Approval and 27 projects with TPC of ₹25263. 6. If the FIRR is below 20% even with VGF of up to 40% (maximum of 20% from VGF Scheme of GOI and 20% from the Sponsoring Authority) then the Project shall not ordinarily be presented before the EI. Jan 29, 2021 · The Survey tabled in the Parliament has taken note of the initiative of GOI to approve the continuation of the revamped Infrastructure Viability Gap Funding (VGF) scheme till 2024-25. ” PIB (2024). Jun 16, 2025 · VGF Scheme Expands to Support 30 GWh of New Standalone BESS Development in India In a major policy push to support grid-scale energy storage, the Ministry of Power has approved an expanded Viability Gap Funding (VGF) scheme for 30 GWh of Battery Energy Storage Systems (BESS) on June 10, 2025. Jun 10, 2025 · Ministry of Power launched second tranche of its VGF scheme aimed at catalyzing the development of 30 GWh of BESS across India. Jan 31, 2023 · From 2014-15 to 2022-23, under the VGF Scheme, 56 projects with TPC of ₹57870. Jun 19, 2024 · The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of Rs 7,453 crore The Government of India, through Ministry of New & Renewable Energy (MNRE), on 05. Apr 12, 2025 · Cabinet approves continuation and revamping of the scheme for financial support to public-private partnerships in infrastructure viability gap funding (VGF) scheme. 600 crore for Viability Gap Funding (VGF) is financial assistance in the form of grants, deferred payments, and convertible loans provided to private companies/concession companies undertaking economically desirable but commercially unviable infrastructure projects. UDAN-RCS aims to make flying affordable for masses. IIGF was established in December 2009 under Government Regulation No. Acronyms BOT CAG DBFOT EPC GOI Hybrid PPPs NHAI NHs PPP SHs TOT VFM VGF Build operate transfer Comptroller and Auditor General of India Design build finance operate transfer Engineering and procurement contract Government of India Blend of PPP with annuity National Highway Authority of India National highways Public–private partnerships State highways Toll operate transfer Value for money Jun 20, 2024 · Reading Time: 3 minutesThe Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Viability Gap Funding (VGF) scheme for the implementation of offshore wind energy projects in India. Short Title and Extent This Scheme will be Jun 10, 2025 · The Indian government has unveiled a ₹5,400 crore Viability Gap Funding scheme to support the development of 30 GWh of Battery Energy Storage Systems (BESS), alongside plans for 1100 kV Ultra High Voltage lines and revised Right of Way compensation, aiming to accelerate energy storage and grid infrastructure for renewable energy targets. 600 crores for port upgrades to support logistics for these projects. Government Support The total Viability Gap Funding under this Scheme shall be as follows: i For Social Sector Projects: Sub-scheme 1: This includes Water Supply, Solid Waste Management, Waste Water Treatment, Health and Education etc. India's Viability Gap Funding (VGF) scheme incentivizes infrastructure PPP projects by providing capital grants and operational support to bridge financial gaps and attract private investment. Nov 12, 2020 · Why in News Recently, the Cabinet Committee on Economic Affairs has approved continuation and revamping of the Viability Gap Funding (VGF) Scheme under the Public Private Partnership (PPP) model till 2024-25 with a total outlay of Rs. The scheme includes Rs. Short Title and Extent This Scheme will be Nov 12, 2020 · The scheme is designed as a Plan Scheme to be administered by the Ministry of Finance and amount in the budget are made on a year-to-year basis. The outlay also includes ₹6,853 crore for Nov 11, 2020 · The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approvedContinuation and Revamping of the Scheme for Financial Support to Public Private Partnerships (PPPs) in Infrastructure Viability Gap Funding (VGF) Schemetill 2024-25 with a total outlay of Rs. The VGF Scheme is administered by the Empowered Committee. Institutional Structure The institutional structure for appraisal and approval of financial support to PPPs is specified at Annexure-II. Sep 6, 2023 · The Union Cabinet, chaired by the Hon'ble Prime Minister approves the Scheme for Viability Gap Funding (VGF) for development of Battery Energy Storage Systems (BESS). This initiative, with a total allocation of $908 million, is set to significantly reduce carbon emissions and enhance the nation’s renewable energy capacity. Mar 15, 2024 · Operational Guidelines for Scheme for Viability Gap Funding for development of Battery Energy Storage Systems by Ministry of Power VGF would be admissible only if: The proposed medical college is located in one of the backward districts identified under various schemes of GoI, and There is no medical college in that district as on the date of in-principle approval of VGF by the competent authority For more information, click here. 3. Support for the development of Battery Energy Storage Systems (BESS) -Scheme for Viability Gap Funding (VGF) - policy from the IEA Policies Database. Another DO letter dated 04. What is the IIGF? The Indonesia Infrastructure Guarantee Fund (IIGF) is an independent State Owned Enterprise (SOE) 100% owned by the Government of Indonesia (GOI). 1 billion) program to provide viability gap funding (VGF) of up to 40% to develop 4,000 MWh of battery Mar 20, 2025 · The Indian government has increased the battery storage target under the viability gap funding (VGF) scheme to 13. Vizhinjam Seaport, Kerala, Pinarayi Vijayan, Narendra Modi, Viability Gap Fund, VGF, Central Government, Repayment, Infrastructure Project, PPP, Public-Private Partnership, Tuticorin Port, kerala news latest Dec 31, 2024 · Cabinet Approves VGF Scheme for Offshore Wind Projects: Approved a Rs. “National Repowering and Life Extension Policy for Wind Power Projects, 2023” has been issued. Mar 14, 2025 · CPSU Scheme Phase-II Powers Solar Expansion with Viability Gap Funding Minister Shripad Yesso Naik informed Rajya Sabha about CPSU Phase-II, supporting NTPC, SJVN Green Energy, NHPC, NLC India, and others with Viability Gap Funding (VGF) for solar projects using Indian-made PV modules, managed by SECI and IREDA without PPAs. The initiative will span a duration of three years, starting from 2023-24 and concluding in 2025-26, with a Dec 14, 2024 · In his open letter, the CM claimed that the Vizhinjam International Seaport project would be the only case in the country where the GoI has demanded. Applicable on flights of 200 km to 800 km distance. Jun 21, 2024 · June 21, 2024 – The Indian Union Cabinet, led by Prime Minister Narendra Modi, has approved the Viability Gap Funding (VGF) scheme for the country’s first offshore wind energy projects. The scheme provides financial support for up to 40% of the BESS capital cost. Under the scheme guidelines, 10% of VGF is to be disbursed upon financial closure. The VGF Scheme submission, appraisal and approval process flowchart is placed at Annexure-XI. 6,853 crores for 1 GW of offshore wind capacity (500 MW each off the coasts of Gujarat and Tamil Nadu) and Rs. for IIPDF funding proposals To know more details, Download Gujarat Viability Gap Fund Scheme - State Gujarat Viability Gap Fund Scheme 2020 - Central Mar 20, 2024 · The Ministry of Power (MoP) has issued the operational guidelines for the ₹94 billion (~$1. Sep 17, 2024 · The Ministry of New and Renewable Energy (MNRE) has released guidelines for the implementation of the Viability Gap Funding (VGF) scheme for 1,000 MW offshore wind power projects. 8 crore were granted final approval with a Total Viability Gap Funding approval of ₹5813. The project has been allotted Rs 68. It’s a financial tool that helps bridge the gap between the cost of a project and the revenue it can generate, making economically challenging infrastructure projects viable. 8 million per MWh, sourced from the power system development fund, with a total financial outlay of Rs 54 billion. No. 6853 crore for installation and commissioning of 1 GW of offshore wind energy projects (500 MW each off the coast of Gujarat and Tamil Nadu), and grant of Rs. The scheme is applicable to PPP projects where private sector is selected through competitive public bidding as prescribed under section 9 of Nov 11, 2020 · A Look at the Viability Gap Funding (VGF) Scheme’s Background In 2006, the Department of Economic Affairs under the Ministry of Finance launched the Scheme for Financial Support to PPPs in Infrastructure (Viability Gap Funding Scheme). "India F. The revamped Scheme is mainly related to introduction of following two sub-schemes for Sep 7, 2023 · The Union Cabinet, led by the Prime Minister, has given its approval to the Viability Gap Funding (VGF) Scheme for the development of Battery Energy Storage Systems (BESS). Circular-4: Dt. Viability Gap Funding (VGF): Under the Green Hydrogen Mission, the Government proposes to offer VGF for pilot projects in sectors like steel, shipping, and long-haul transport. 01-12-2006 Appointment of IDFC as Consultant for PPP Projects Panel of Transaction Advisers for PPP Project PPPs: Creating an 1. VGF will be available to flight operators on specific routes for the first 3 years of operation. The scheme is being implemented by the Ministry of Civil Aviation (MoCA). The Solar Projects under the State Specific Feb 20, 2024 · In an effort to strengthen the domestic gas infrastructure, these incentives aim to encourage mutual collaboration between CGD networks and CBG producers. About the Contributor – Srishtistuti Roy is a researcher at IMPRI, New Apr 9, 2025 · NEW DELHI: The Ministry of Civil Aviation may extend the period of Viability Gap Funding (VGF) offered to airlines under the UDAN or regional connectivity scheme from three years to four or five years, according to a senior government official aware of the development. The State Government or it agencies may use this scheme to financially support the projects to the tune of 20% of the cost of the project. It is also imperative to promote Public Private Partnerships in the social sector to bring in private sector investments and efficiencies. 60 per kilowatt-hour (kWh), making stored renewable energy a viable option for managing peak power demand across the country. Dec 7, 2020 · Please find enclosed the detailed VGF Scheme (Annexure — I) and its Guidelines (Annexure — II) to be followed for submitting proposal seeking financial support for Public Private Partnerships in Infrastructure under the Viability Gap Funding Scheme. The initiative is expected to attract investments worth Rs 330 billion and help meet India’s energy storage requirements by 2028. The video on Viability Gap Funding (VGF) scheme by GoI, Ministry of New & Renewable Energy for setting up of Solar project, covers the following points:1) Wh Jun 24, 2024 · Why in the News? The Union Cabinet, chaired by the PM, approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects. 2019, approved implementation of CPSU Scheme Phase-II for setting up grid-connected Solar Photovoltaic (PV) Power Projects by Central and State PSUs, Government Organisations, with Viability Gap Funding (VGF) support of Rs 8,580 crore, for self-use or use by Government/ Government entities, either directly or 4. Scheme Guidelines for Implementation of “Viability Gap Funding (VGF) Scheme for offshore wind energy projects. Maharashtra is the first state to sign MOU with GOI & AAI on 23rd Aug 2016 for UDAN –RCS Aircraft May 26, 2025 · India's commitment to renewable energy has taken a significant leap with the strategic introduction of the Viability Gap Funding (VGF) scheme for offshore wind energy projects. Jun 10, 2025 · The ministry of power on Tuesday approved Rs 5,400 crore in viability gap funding (VGF) to develop 30 gigawatt hour (GWh) of battery energy storage system. Revamping of the proposed VGF scheme will attract more PPP projects and facilitate the private investment in the social sectors (Health, Education, Waste Water, Solid Waste Management, Water Supply etc. Sep 7, 2023 · The Union Cabinet has given the green light to the Scheme for Viability Gap Funding (VGF) aimed at fostering the development of Battery Energy Storage Systems (BESS). This Bank Guarantee shall be liable for encashment to ecover the VGF amount in the event of non-fulfillment of the scheme conditions specified in t Bidd IA certifies the achiev ment Jun 19, 2024 · The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, today approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of Rs. Such a grant under VGF is provided as a capital subsidy to attract the private sector players to participate in PPP projects that are otherwise financially unviable. VGF up to 20% of the Total Project Cost is provided by the GoI and a further upto 20% by the sponsoring Central Ministry/ State Government/ Statutory entity. pdf) or read online for free. Apr 7, 2019 · VGF Scheme – GOI Support • Funding by GOI limited to 20% of Project Cost. The VGF scheme provides funding for state or central PPP projects implemented by the private sector developer on a BOT basis (selected through a process of competitive bidding). March 14, 2025. Jun 11, 2025 · India’s Ministry of Power has significantly increased its Viability Gap Funding (VGF) scheme to support battery storage projects. The total financial outlay for […] Nov 14, 2017 · PDF | VGF policy for toll road investment in Indonesia must be reviewed. Sep 30, 2023 · Viability Gap Funding Scheme: In the realm of infrastructure development and public-private partnerships, the Viability Gap Funding (VGF) scheme plays a crucial role. Therefore, Government of India (GoI) has decided to enhance the VGF support for social sectors as defined in Rule 4. Jun 11, 2025 · India’s Ministry of Power has announced the second tranche of its VGF scheme to support the development of 30 GWh of BESS, with a total budget of INR 5. 600 crore for VGF Scheme The Board (GIDB) has been a given dedicated scheme provision to financially support the PPP projects. • If required, an additional 20% can be made available by the sponsoring Ministry/agency • GOI funding normally as capital grant during construction. Combined Mar 15, 2024 · Energy Storage Systems (ESS) Policies and GuidelinesEnergy Storage Systems (ESS) Policies and Guidelines The quantum of VGF provided under this scheme is in the form of a capital grant at the stage of project construction. The Scheme : Accordingly, the Department of Economic Affairs (DEA) launched the Viability Gap Funding (VGF) scheme as a flagship scheme of the Government of India for providing financial assistance to financially unviable but socially/ economically desirable PPP projects. The document discusses India's Viability Gap Funding scheme which provides grants to public-private partnership infrastructure projects to make them commercially viable for private investors. hwdg fpzss cyfbyp tgiik iakncqf orlt gkrve uxenb xwqu hhneu