Suzlon banking on AD boost – Tanti

Tulsi Tanti

Tulsi Tanti

Suzlon is counting on the Indian government to revive the generous accelerated depreciation (AD) scheme for wind power, according to chairman Tulsi Tanti, who says the AD will kick-start growth in one of the world’s key wind markets.

Tanti’s comments come several weeks after Farooq Abdullah, minister for India’s Ministry of New and Renewable Energy, said that the Finance Ministry will likely include money for a revived AD in its interim budget, to be presented this month.

The AD, which was instrumental to India’s wind boom over the past decade, fell out of favour with officials who felt that it too strongly encouraged investment from investors otherwise uninterested with the wind sector – and in some cases fostered fraud.

Initially allowing wind farm owners to depreciate 80% of their investment in Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine