Green Energy and Technologies is one of the eight priority industries of the Gelephu Mindfulness City, and hydropower is its anchor: the country's grid is built on it, and it is the resource that makes green compute, data centres, battery and grid technology and clean industrial processes credible propositions in GMC. The Income Tax Act 2025 carries the incentives. The company rate is 15%; a strategic and development company may be approved for a concessionary rate of not less than 5% for a relief period of up to twenty years, which is the route GMC has signalled for large capital projects with long payback periods, and a founders company in an approved founders industry may be exempt for up to fifteen years. Neither approval may be granted after 31 December 2030. Plant and machinery attract an annual capital allowance of 33⅓%, computers and automation equipment can be written off on an accelerated basis, and interest on an approved foreign loan for productive equipment may be exempt or taxed at a concessionary rate. Security for lenders is registered with the Registrar within thirty days under the Companies Act 2025. Carbon credits and renewable energy certificates recognised by the regulator are Environmental Instruments under the Financial Services Act 2025, and trading in spot commodities by way of business is likewise a regulated activity under that Act. Sites and power are arranged through the Economic Development Group and are matters of contract, and imported equipment is treated under the Customs Act 2025 at rates set by Gazette order.
Basnet Law Pte. Ltd. advises developers, operators, lenders and technology providers on project structuring through GMC companies, site and power arrangements with EDG, strategic and development company and founders company applications, EPC, operation and maintenance, offtake and supply contracts under GMC law, project finance and security filings, withholding on lender interest, the regulatory treatment of carbon instruments and commodity trading, and energy disputes.
