India's largest power generation company, NTPC Ltd, plans to spend US$1.2b to set up two wind power projects of 500MW each in Karnataka and Maharashtra.
The Income-tax Act, 1961, provides tax breaks for up to 10 years to companies setting up wind energy projects in the country. It also offers depreciation benefits of up to 80% of the investment in the very first year of the project’s operation.
NTPC was working on the feasibility report of the projects.
www.ntpc.com/
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