Less than two months after amending the power sector guidelines for special economic zones (SEZs) enabling standalone power plants to qualify as SEZs and be eligible for tax sops, the government has approved Adani Power’s request to set up a power sector SEZ in Jharkhand.
“Adani Power’s renewed request for a sector-specific SEZ for power in Jharkhand got the approval from the Board of Approval (BoA) for SEZs last week as the new power guidelines now allow such zones provided they are dedicated to exports,” a government official told BusinessLine .
Adani Power’s request for a power SEZ in Jharkhand made last year had to be rejected by the BoA for SEZs — the highest inter-ministerial decision making body for the zones headed by the Commerce Secretary — as that time it was inconsistent with the existing power guidelines.
