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Govt gives 25 mega power producers extra time for tax breaks

Govt gives 25 mega power producers extra time for tax breaks

Saturday, April 1, 2017, 10:55 AM

The Union cabinet gave a five-year extension to 25 large power projects to ink long-term power purchase deals and avail the promised customs and excise duty benefits on equipment procured under the Mega Power Policy of 2009. Prime Minister Narendra Modi said that the extension of incentives to ink deals would increase power availability and ensure that consumers did not have to pay more.
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