| Date: |
13-02-2013 |
| Subject: |
Budget 2013: Import of power should come under OGL, says FICCI |
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NEW DELHI: The Federation of Indian Chambers of Commerce and Industry (FICCI) in its pre-budget 2013 memorandum has suggested that the import of power should come under OGL in order to tap power generation potential in neighbouring countries.
"The current nil import duty on power imported from Nepal should be continued over the duration of the Power Purchased Agreement (PPA). Cross border transmission links should also be developed," the industry body has said.
With regards to the mega power policy, FICCI said that currently the directive is to tie-up power within 3 years from date of issuance of Provisional Mega certificate. Mega Power policy stipulates up to 85% power tie-up under Power Purchase Agreement. "Changes in this norm are essential on account of uncertainties in coal supply," the chamber has opined.
The body also feels that the extent of power capacity tie-up should be limited to domestic coal linkage, not the 85% that is presently prevailing.
Source : economictimes.indiatimes.com
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