Mr AK Srivastava, Managing Director, Essar Power Limited, said, "The government has a clear focus on keeping the power tariff low. Among the measures, following are noteworthy. Extending fiscal benefits from 2006 to 2012 is a step in the right direction. This will go a long way in keeping the power tariff low.
“Extension of exemption of excise duties on residual fuel oils for generation of power with retrospective effect will also result in lower power tariff. Cenvating the CVD for power sector is a welcome step. This will bring down the capital cost of power projects down and hence lower tariff."