New Norms for Power Generation

Matches China’s Energy Vision
  • New norms state that “A power plant in IT/ITeS zones including non-conventional energy power plant, will be entitled to all the fiscal benefits including the benefits for initial setting up, maintenance and the duty free import of raw materials and consumables for the generation of the power.”
  • The latest guidelines were issued after SEZ developers operating power plants requested the government to restore some of the operation and maintenance benefits.