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News Brief | September 2011

Uttarakhand plans to levy green tax on hydel projects

The government is planning to impose a surcharge or green tax on all the hydel projects which are in production in Uttarakhand. The statement did not give details of the exact surcharge to be imposed on projects in the state where companies like GVK, Lanco, Reliance Power, GMR, Uttarakhand Jal Vidyut Nigam (UJVN) and THDCIL are developing new projects. It is claimed that a similar surcharge is being levied in Jammu and Kashmir and that based on the same pattern, Uttarakhand too can generate revenue of Rs 1,700 crore every year.
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