The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, Narendra Modi, today approved the time extension (36 months) to identified 10 Provisional Mega certified projects for furnishing the final Mega Certificates to the Tax authorities. Extension of time period for furnishing final mega certificate will enable developers to competitively bid for future PPAs and get tax exemptions as per Policy terms. The increased liquidity will boost the overall growth of the country and also ensure the revival of various stressed power assets.
