Green Energy and Technologies (GMC Priority Industry): Legal Advisory

Hydropower anchors the Gelephu Mindfulness City's Green Energy and Technologies pillar, and the sovereign bitcoin mining built on it is evidence that the power is dispatchable at industrial scale. Around it sit data centres, compute, battery and grid technology, and industrial processes that need clean power in volume: large capital projects with long payback periods, which is what the strategic and development company concession is designed for. Basnet Law Pte. Ltd., the first law firm incorporated in the Gelephu Mindfulness City, advises developers, operators, lenders and technology providers under the Income Tax Act 2025, the Customs Act 2025 and the Financial Services Act 2025. This page explains what the framework provides and how we advise on a project under it.

Basnet Law Pte. Ltd. advises clients in this pillar on:

• Framing the expression of interest to the Green Energy and Technologies pillar, the first gate in registration
• Structuring the project vehicle through a GMC company, LLP or limited partnership, with the resident director in place
• Legal advice on site, power and connection terms and site leases
• Strategic and development company applications for a rate of not less than 5%, or founders company applications where the activity is new to GMC at scale, before the 31 December 2030 cut-off
• Capital allowances on plant, the 100% election for computers and prescribed automation equipment, and intellectual property allowances
• Customs treatment of imported turbines, rigs, servers and batteries
• Renewable energy certificates and carbon credits as environmental instruments, and the perimeter for compute businesses that mine

Read the full guide: Legal Services for Green Energy and Technologies in GMC.