The country’s power generation capacity has witnessed a boost in past decade riding on short-term costly projects, however, no significant progress yet observed in intermediate & long-term projects. The government provides attractive policy support for local and foreign investment in power sector including long term tax exemptions, easy capital gain and dividend repatriation, duty free machineries import etc. The government has been subsidizing power sector for years. The government provided...
Q4FY19 result highlights PGCIL’s projects capitalized in Q4FY19 were Rs92bn (+9% yoy) - standalone at Rs65bn (-16% yoy) and Rs26bn (vs Rs6bn) of TBCB projects. Total projects capitalised in FY19 was Rs258bn (-8% yoy_) – Rs193bn in Standalone and Rs65bn in tariff based competitive bid projects) in line with the expectation. We expect total capitalisation of Rs200bn in Standalone Company and nothing in tariff based competitive bid projects in FY20E (under subsidiaries). PGCIL incurred capital...
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