Monday, November 29, 1999

Punjab government ratifies Power Generation Policy 2010

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Chandigarh, June 17 (PTI) The Punjab government today approved the Power Generation Policy, 2010, to "transform the state from power deficit to power surplus", besides ensuring quality supply of power to consumers at "affordable prices." A decision to this effect was taken here at a meeting of the state Cabinet, chaired by Chief Minister Parkash Singh Badal, an official spokesman said. The new Power Generation Policy will strive to bring down the cost of power, encourage setting up of power stations by private developers and promote and support ancillary industry related to power plants. The policy will be applicable to new power projects located in the state and also to pit head and coastal thermal power plants with an installed capacity of 250 MW or more at a single location. Captive power and co-generation power plants will not be covered under the scope of this policy. The Punjab Cabinet has also approved the grant of concessions for external development charges, permission and license fees, Change of Land Use (CLU) charges and relief for promoters and developers in the state. The Cabinet has also approved exemption on VAT on the sale of goods and liquor to serving Border Security Force within Punjab by the BSF Canteen, Jalandhar. In addition, it has increased VAT on cigarettes and cigars from 12.5 per cent to 20 per cent. The Cabinet also gave ex-post facto approval for a reduction in the permit/renewal fee for buses from Rs 5,000 to Rs 10,000 per annum.

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