Last Updated on August 19, 2021 at 4:25 pm
The Jammu and Kashmir Union Territory has introduced a scheme for development of power infrastructure in wake of severe power crisis and criticism of the government.
As per the scheme announced by the UT, State Goods and Services Tax (SGST) will be reimbursed to the players who invest in power projects in J&K.
At the initial stage, the benefit of the scheme will be applicable in respect of four major power projects coming up in Jammu region—Kwar, Pakal Dul, Kiru and Ratle, which will generate a total of 3015 Mega Watts of electricity and go a long way in making J&K Union Territory self-sufficient in power sector.
A notification in this regard reads “In order to encourage investment in power projects in the UT of J&K, Government hereby notifies the scheme for reimbursement of State Goods and Services Tax (SGST) to executing agency for development and construction of power projects—540 MW Kwar, 1000 MW Pakal Dul, 624 MW Kiru and 850 MW Ratle”.
