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N ~ —MEN TORS: -aee Monpay, Noverer 9, 2009 e e Mega power policy examined ‘Sujit Ghosh >The latest amendments to the Mega Power Policy, among other ae es Kino ae things, extend benefits to projects based on supercritical technology. __ly a basic Customs duty of 25 per TE latest amendment to t Power ‘an obsolete requirement. Increas- onsupercriticaltechnology—aposi- been tied up, or the project has been i ‘one as no- tive development. ‘based com- capacity expansions by © “The easing of ICB mega power projects and may culmi- ing nate ina significant boost to power ‘generation capacity addition . ing agreements ‘than one States, ral players. eimtroduced with ‘Theamendmentinthe Mega Pow er Policy to sell power outside long- li dance with the oe ieee enr: ae: ity Policy 2008 and rent excise exemp- TarffPolicy 2006 would enable sale ‘thatisdependenton of power on a merchant basis and, ‘made to mega power thereby, provide flexibility for pow ‘ofthesupereritical power projectsin projects only under ICB. fer project developers and may at- thepipeline arebelow 1000 MW). Ktmustbenoted thst need for ICB tract new investment was dispensed with last year in the iff YCB CONDITION Ultra Mega Power Projects case and ‘The latest amendment prescribes suitable amendments to the Mega that the requirement of undertaking Power Policy would ce national, competitive bidding the ultra mega power plants at par Syby the developers for procure- with the mega power plants insofar the Foreign Trade Policy. INTER STATE SALE OF POWER the mandatory condi- rer tO Beil of anf bed compative iding, ‘The latest amendment ment for mega power as the fiscal incentives : seeks to extend the benefits of the not be if cemed. The (rhe author Parner and Head of inter-State for the tax ‘Mega Power Policy to projects based. site quantum of power has tends almost ll the Ihffastracare Practice, BMR Advisors)

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