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Govt likely to tweak SEZ rules allowing standalone power plants to export: report

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The government may tweak its guidelines for special economic zones (SEZs), allowing standalone power plants to export, The Hindu BusinessLine reported.

Govt likely to tweak SEZ rules allowing standalone power plants to export: report
The government may tweak its guidelines for special economic zones (SEZs), allowing standalone power plants to export, The Hindu BusinessLine reported.
If the power plants are allowed to come up as an SEZ unit, it will make them eligible for all the tax benefits, the report said citing an unnamed government official.
The move could benefit Adani Power, which is interested in exporting power to Bangladesh from its proposed plant in Jharkhand, said the report. The Board of Approval (BoA) meeting for SEZ is scheduled on January 9.
Adani Power’s proposal for setting up a sector-specific SEZ for power at Godda district, Jharkhand, had to be rejected by the BoA in its meeting in February 2018 on the ground that it was inconsistent with the guidelines, the report said.
 
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