Latest Viability Gap Funding News & Updates

Mumbai, April 22 (IANS) In a move towards sustainable waste management and energy self-reliance, the Maharashtra Cabinet chaired by Chief Minister Devendra Fadnavis on Wednesday approved the ‘Maharashtra State Compressed Biogas (CBG) Policy 2026.’The policy aims to tackle the rising challenges of urban waste and agricultural residue by converting them into clean, renewable fuel.Maharashtra currently generates approximately 24,500 metric tonnes of municipal solid waste daily from 423 urban local …

Bhubaneswar, April 9 (IANS) Senior BJD leader and Rajya Sabha MP Sasmit Patra on Thursday wrote to Odisha Chief Minister Mohan Charan Majhi, urging him to revive the Bhubaneswar Metro project through a structured collaboration between the Union and the state government, on the lines of Jaipur Metro Phase-2 in Rajasthan. In a letter to CM on Thursday, Patra mentioned that the Union Cabinet on April 8 approved the Jaipur Metro Phase-2 (41 km; 13,000+ crore) project under the Metro Rail Policy, 201…

Bhubaneswar, April 6 (IANS) Senior Sasmit Patra, a leader of the Biju Janata Dal and Rajya Sabha MP, on Monday wrote to Union Minister for Housing and Urban Affairs Manohar Lal, seeking his immediate intervention to ensure that the proposed Metro Rail project, initiated during the previous government, is not scrapped by the state government. ​ In his letter, Patra argued that the project envisioned during the previous Naveen Patnaik-led BJD government is a critical mass-transit backbone for th…

New Delhi, March 20 (IANS) India’s stationary energy storage sector is witnessing rapid growth, with the total capacity of Battery Energy Storage Systems (BESS) projects in the pipeline reaching a record 92 GWh, according to a report released on Friday.The report by the India Energy Storage Alliance (IESA), also projected that cumulative installed capacity — currently below 1 GWh — could surge to 346 GWh by 2033.The sector has seen a sharp rise in activity, with 69 new BESS tenders totalling…

Amaravati, Jan 23 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Friday asked banks to provide loans extensively to the renewable energy sector, saying the Central and state governments are giving top priority to the sector.Stating that power distribution companies (DISCOMs) are also providing counter-guarantees, he urged bankers to take the initiative in providing loans to the renewable energy sector.Presiding over the 233rd and 234th meetings of the State Level Bankers’ Committ…

New Delhi, Jan 14 (IANS) The Confederation of India Industry (CII) on Wednesday urged the government to introduce Green Hydrogen mandates to spur demand and enable a vibrant green hydrogen economy.Greening mandates backed by incentives should be used to overcome the substantial cost gap between green hydrogen and grey hydrogen, the industry body said.”The proposed Green Hydrogen Blending could be introduced for sectors like refining, fertiliser and natural gas with cost-offset mechanisms.The sec…