 "power reforms")
The revised Mega Power Policy, announced by the Cabinet Committee of Economic Affairs (CCEA) in March, has led to a stand-off between the government and project developers.
Private developers cite delay in executing the policy, while the power ministry claims only four plants are eligible for the tax refunds promised.
The policy is for projects over 1,000 Mw and was to expire on March 31, 2017, but the CCEA extended it by five years. Thereby doubling the period to 10 years for projects to receive the 'mega power' certificate.
The incentives provided in the scheme are lower
Private developers cite delay in executing the policy, while the power ministry claims only four plants are eligible for the tax refunds promised.
The policy is for projects over 1,000 Mw and was to expire on March 31, 2017, but the CCEA extended it by five years. Thereby doubling the period to 10 years for projects to receive the 'mega power' certificate.
The incentives provided in the scheme are lower
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