Customs duty exemption for mega power projects broadens eligibility for certified large interstate power plants, subject to distribution privatization. Customs duty exemption applies to goods for setting up any Mega Power Project certified by a Joint Secretary level officer in the Ministry of Power, with separate capacity based eligibility criteria for interstate thermal and hydel plants depending on whether they are located in specified frontier and North Eastern States or other States. The Annexure condition now requires the power purchasing State to undertake, in principle, privatization of distribution in all cities of the State above the one million population threshold within a period to be fixed by the Ministry of Power.
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Customs duty exemption for mega power projects broadens eligibility for certified large interstate power plants, subject to distribution privatization.
Customs duty exemption applies to goods for setting up any Mega Power Project certified by a Joint Secretary level officer in the Ministry of Power, with separate capacity based eligibility criteria for interstate thermal and hydel plants depending on whether they are located in specified frontier and North Eastern States or other States. The Annexure condition now requires the power purchasing State to undertake, in principle, privatization of distribution in all cities of the State above the one million population threshold within a period to be fixed by the Ministry of Power.
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