Mega Power Policy may be Amended by CCEA to Push 31 GW Projects
The Cabinet Committee on Economic Affairs (CCEA) is probably going to affirm tomorrow the changes in the Mega Power Policy to push 31 GW stuck undertakings involving a venture of Rs 1.5 lakh crore.
In addition, the activity is gone for cutting down the power tax for making power more reasonable for residential and modern and business shoppers.
“The proposition to revise the Mega Power Policy for giving a lift to stuck coal and gas based power ventures totalling 31GW limits is recorded for thought and endorsement on the CCEA plan for the meeting booked on March 29, 2017,” a source said.
The source said that out of these stuck ventures which have not transported in or not inked control buy understanding would get additional opportunity to look for different advantages under the strategy.
The source additionally said that every one of those plant which have officially imported the gear would get extra 60 months for inking power buy concurrences with discoms/states.
The source likewise said that that an extra day and age of 120 months would be given to those venture to which hardware has not been transported in, under the strategy for looking for different advantages.
This unwinding in time span would help these 31GW abilities to open aggregate different advantage of over Rs 10,000 crore under the strategy as they would get motivating forces running from Rs 30-40 lakh for each MW.
These 31GW incorporate around 3,300 MW of gas based warm power era limits and the rest of the ventures are coal based.
The Mega Power Policy was divulged in 2009 with a target to expand control accessibility, to lift general development of the nation and furthermore to guarantee that shoppers are sensibly charged for power provided.
The strategy was later changed in 2014 commanding engineers to tie up no less than 65 percent of introduced limit/net limit through aggressive offering and 35 for each penny under managed tax of host state under long haul Power Purchase Agreement (PPA) with discoms/State assigned office to profit benefits under the approach.
The correction had given this agreement would be one time and restricted to 15 ventures which are situated in the states having compulsory host state control tie up arrangement of PPAs under directed tax.
The other alteration was for augmentation of the greatest day and age to 60 months rather than 36 months from the date of import for temporary super activities, for outfitting last uber authentications to assessment experts.
The advantages under the arrangement incorporate zero traditions obligation, regarded send out advantages and salary tax reductions.
The uber control ventures incorporate a between state warm power plant of a limit of 700 MW or more, situated in the conditions of Jammu and Kashmir, Sikkim, Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland and Tripura.
It additionally incorporates tasks with a limit of 1,000 MW or more, situated in states other than determined the strategy.
These tasks additionally incorporate a between state hydel control plant of a limit of 350 MW or more, situated in the conditions of Jammu and Kashmir, Sikkim, Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland and Tripura.
Furthermore, it additionally incorporate a between state hydel control plant of a limit of 500 MW or more, situated in states other than determined in the approach.
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