Led by Tata Power and Reliance Power, a lobby of a dozen power companies recently protested against the government's intent to impose 14% customs duty on power equipment to check Chinese imports. The private power producers clubbed themselves under Association of Power Producers and collectively stated that their contribution to the country’s power sector would be restrained if customs duty is imposed on foreign power equipment. The private power companies back home argued that such a measure would likely delay in filling the country’s 12 per cent peak power deficit. Private power companies account for 1333 of the new mega watts (MW) in the 2010-11 fiscal thereby adding 5000 MW produced by them since fiscal 2008.
Power Producers against Imposition of Customs Duty
By Jagranjosh
Mar 14, 2011, 23:47 IST
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