{"id":294616,"date":"2019-10-01T11:39:31","date_gmt":"2019-10-01T06:09:31","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=294616"},"modified":"2019-10-01T11:39:31","modified_gmt":"2019-10-01T06:09:31","slug":"corporate-tax-cut-is-positive-for-power-sector-icra-says","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/corporate-tax-cut-is-positive-for-power-sector-icra-says\/","title":{"rendered":"Corporate tax cut is positive for power sector, ICRA says"},"content":{"rendered":"<p>CHENNAI: The government\u2019s announcement to lower corporate tax rate is a positive development for the power sector, as it would allow power generators with cost plus power purchase agreements (PPAs) to pass on the lower tax benefit to the power distribution utilities (discoms), according to ICRA.<br \/>\nAs per ICRA\u2019s estimates, the extent of benefit that would accrue to discoms from the power generation and transmission segments (mainly from central and state utilities), would be about Rs 25 billion annually.<br \/>\nSabyasachi Majumdar, senior vice-president &amp; group head &#8211; corporate ratings, ICRA, said, \u201cThe benefit so accrued to discoms in turn would enable them to lower their cost of supply and hence, reduce the gap between average tariff and cost of power supply by about 3 paise per unit sold at all India level.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHENNAI: The government\u2019s announcement to lower corporate tax rate is a positive development for the power sector, as it would allow power generators with cost plus power purchase agreements (PPAs) to pass on the lower tax benefit to the power distribution utilities (discoms), according to ICRA. As per ICRA\u2019s estimates, the extent of benefit that would accrue to discoms from the power generation and transmission segments (mainly from central and state utilities), would be about Rs 25 billion annually. Sabyasachi Majumdar, senior vice-president &amp; group head &#8211; corporate ratings, ICRA, said, \u201cThe benefit so accrued to discoms in turn would [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-294616","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=294616"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294616\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=294616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=294616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=294616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}