Approval under section 10(23G) grants tax-exemption to a specified enterprise, conditional on compliance and audit obligations. Approval under section 10(23G) is granted to M/s Essar Power Ltd. for its 515 MW Combined Cycle Power Plant at Hazira, effective from assessment year 2002-03; the approval recognises eligibility under section 10(23G) and rule 2E of the Income-tax Rules and is recorded in the notified file reference.