The Union Budget is likely to introduce viability gap funding and an incentive scheme for power distribution companies procuring wind power. If announced, these will be major reliefs for the wind power sector, which could lose key incentives by the end of this financial year. The previous Union Budget had capped accelerated depreciation at 40 per cent from April 2017. It was 80 per cent earlier. Also, the generation-based incentive of 50 paise per unit will cease from March 31, 2017. Read More...
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