India

India

FEARS OF TAX HOLIDAY END

Rumours are rife that the ten year tax holiday granted to industries developing wind plant will be reduced in India's forthcoming budget. It is estimated that up to 80% of wind turbines in India have been installed to take advantage of the available tax depreciation. Not all are overly concerned about the potential lowering of tax credits, though. "This will ensure that only those seriously involved in the industry will continue," comments Anil Sethi of Subhash Projects. It seems the time might have come for a more professional approach to wind power development in India, including optimum siting, choice of the right technology and more considered planning of energy infrastructure.

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