Cabinet push for large power projects

The Cabinet Committee on Economic Affairs (CCEA) on Thursday amended the Mega Power Policy of 2009 that governs duty exemptions for power projects of more than 1,000 Mw capacity. The committee mandated that sales from at least 65 per cent of a project's capacity be done through competitive bidding and the remaining 35 per cent supplied at tariffs decided by the power regulator.

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