..."maximum indigenization shall promoted."

Consequently, the policy allows concessions from custom duties etc. on imports elated to power projects, either in public or private sector, only in case the goods are riot manufactured domestically.

Furthermore, "features of the power policy" highlight:" to promote indigenization, the local engineering industry will be encouraged to form joint ventures with foreign companies in order to develop power projects nth cumulative capacity of at least 2,000/MW by the year 2015."

Energy sector action plan approved by the president is also focused on optimal use of indigenous resources of fuel as well as that of machinery.

In practice, however, nothing concrete has been achieved in this direction. Unfortunately, the local industry has not come forward to avail the opportunity offered under the policy or to exploit new business potential in the emerging domestic power equipment market.

The Private Power and Infrastructure...

NOTE: All illustrations and photos have been removed from this article.



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