Indian Oil Corporation (IOC) has chalked out an investment plan of Rs 2, 000
crore to develop a wind power generation capacity of 200 MW and a solar power
generation capacity of 50 MW.
The total planned investment is likely to be pumped in equally for setting up
wind and solar power capacities.
Setting up wind power generation capacity is likely to help IOC claim tax
breaks for up to 10 years and get depreciation benefits of up to 80 per cent on
investment in the first year of a project's operation, besides earning carbon
credits.
Also See:
IOC's
naphtha cracker unit goes on stream in Haryana (12-Mar-10)