Project Finance NewsWire

February 2001

IN THIS ISSUE

Turkey Overhauls Electricity Laws

Turkey is in the process of overhauling its electricity laws. The government submitted a bill to parliament in mid-December. The measure is expected to pass in early February...

Tax Incentives For Burning Local Coal

State tax credits to electricity generators for burning local coal may be unconstitutional because they favor in-state coal producers to out-of-state ones...

Environmental Update - February 2001

The Clinton administration managed — shortly before leaving office – to propose new rules for reducing air emissions that contribute to haze in national parks...


IN OTHER NEWS

SYNCOAL PROJECTS remain in limbo at the IRS

SYNCOAL PROJECTS remain in limbo at the IRS. Such projects qualify in theory for a tax credit under section 29 of the US tax code of $1.035 an mmBtu for converting coal into synthetic fuel...