Comments of Mr. A. K. Srivastava, Managing Director, Essar Power Limited on Union Interim Budget 2004-05
February
03, 2004
Mr A. K. Srivastava,
Managing Director, Essar Power Limited "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 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 tarrif. 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".
CORPORATE