India Ministry Said to Seek Extension of Wind Farm Tax Break
This article is for subscribers only.
India’s renewable energy ministry is seeking to extend a tax break for wind farms in the world’s third-largest market for turbines, said two government officials with direct knowledge of the matter.
The Ministry of New and Renewable Energy has applied for approval from Prime Minister Manmohan Singh’s Cabinet to extend the incentive known as accelerated depreciation, which is set to expire on March 31, said the officials, declining to be identified because the information is private.