News

Restore accelerated depreciation scheme for wind sector: Suzlon

Location:
10th February 2014  To: 10th February 2014

Wind power generation in the country in 2013 dropped to 1,500 MW due to removal of incentives given by the govt, reportedly says company's Chairman and MD, Tulsi Tanti

Pitching for restoration of accelerated depreciation scheme in the wind energy sector, turbine maker Suzlon reportedly said it will prove beneficial for the ailing renewable power industry.

Accelerated depreciation is basically increasing the depreciation on an asset which allows the asset owner to write off more of the value of the asset for some years of ownership thereby reducing taxable income.

Wind power generation in the country in 2013 dropped to 1,500 MW due to removal of incentives given by the government, he said..

He added: "We are expecting the government to bring the accelerated depreciation back because of (its removal) the growth was negative."

Url: www.business-standard.com/article/companies/restore-accelerated-depreciation-scheme-for-wind-sector-suzlon-114020900114_1.html

 

< Go Back

Copyright © 2012 World Wind Energy Technology Platform. All rights reserved. Zsquare Kreations