ONGC Tripura Power Corporation (OTPC), a joint venture company of ONGC, IL&FS Energy Development Co. and Govt. of Tripura has commenced commercial operations at its first unit of the 3 MW Palatana power plant. The Rs 4,047 crore power plant is capable of injecting 8.7 million units per day in the power grid which can be beneficial for the entire Northeast region.
Of total, the Ministry of Power has allocated more than 58 per cent of power from the project to the Northeast states with Assam (240 MW), Tripura (196 MW), Meghalaya (79 MW), Manipur (42 MW), Nagaland (27 MW), Arunachal Pradesh & Mizoram (22 MW each), while 98 MW is allocated to OTPC for merchant sales.
ONGC is a premier oil and gas company in India, accounting for 71% of the country’s crude oil production and 54% of its natural gas production in 2011-12. It is also a significant producer of value added products such as liquefied petroleum gas (LPG), superior kerosene oil (SKO), and naphtha. GoI is the majority shareholder in ONGC, with a 69% equity stake as of now.
Of total, the Ministry of Power has allocated more than 58 per cent of power from the project to the Northeast states with Assam (240 MW), Tripura (196 MW), Meghalaya (79 MW), Manipur (42 MW), Nagaland (27 MW), Arunachal Pradesh & Mizoram (22 MW each), while 98 MW is allocated to OTPC for merchant sales.
ONGC is a premier oil and gas company in India, accounting for 71% of the country’s crude oil production and 54% of its natural gas production in 2011-12. It is also a significant producer of value added products such as liquefied petroleum gas (LPG), superior kerosene oil (SKO), and naphtha. GoI is the majority shareholder in ONGC, with a 69% equity stake as of now.
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