Industry status for power sector in UP

Will allow power sector companies to avail all subsidies granted to entrepreneurs in others sectors

PTI | June 16, 2010



In an apparent bid to accelerate setting up of new power projects in the state, the Uttar Pradesh government has given industry status to power sector, state official sources said today.

A proposal in this regard was approved during a meeting of the state Energy Task Force (ETF), chaired by chief secretary Atul Kumar Gupta.

The industry status will allow power producing companies in UP to avail all concessions extended to entrepreneurs in other sectors.

The decision was taken after some private companies, working on electricity manufacturing projects in the state, demanded the government to provide them concessions similar to entrepreneurs in other sectors.

The ETF has also approved a proposal to set up a hi-tech data centre at the cost of Rs six crore to accelerate state power development and reform programme, sources said. The centre would be set up at UPPCL's headquarters in Shakti Bhawan.
 

Comments

 

Other News

Nepal Floods: India keeps close watch on the situation

India`s central government has been keeping a close watch on the situation arising out of the flash flood in Nepal on Wednesday. Union home minister Amit Shah spoke with the chief ministers of Bihar and Uttar Pradesh, the two states that share the border with Nepal, regarding the disaster

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future.   At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter