Private-owned Unique Meghnaghat Power Limited (UMPL) has secured a tax exemption of Tk11 crore in four sectors for the construction of a power plant in Meghnaghat, Narayanganj. The Internal Resource Division, under the finance ministry, issued an order waiving taxes related to deeds of mortgage over freehold interest, assignment of sub-plot land lease agreement, security assignment, and reinsurance assignment deed for the 584 MW power plant. The tax exemption aims to facilitate the development of the power project and supports private investment in the energy sector.
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