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'Exempt renewable projects from MAT for 10 years in Budget'

July 9, 2014

Business Today spoke to Shivanand Nimbargi about his expectations from Budget 2014.

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1. Link financial support for discoms to reduction of distribution losses and rationalisation of retail tariff, to ensure they are financially sustainable.

2. Make budgetary provision for creating a national grid with high capacity transmissions lines and grid management at the national level.

3. Link Central incentives and budgetary support to performance on renewable power obligation (RPO).

4. Relax minimum alternate tax (MAT) for 10 years for renewable projects.

Shivanand Nimbargi is MD & CEO, Green Infra Ltd

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