ONGC Tripura Power Company Ltd.

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ONGC Tripura Power Project

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Oil & Natural Gas Corporation Ltd. (“ONGC”), a Fortune 500 company of the Government of India, owns significant natural gas reserves in the North Eastern state of Tripura. However, these natural gas reserves are yet to be commercially developed due to low industrial demand in the North-Eastern region. The complexities of logistics and attendant costs limit the economic viability of transportation of gas to other parts of the country where gas is in deficit. In order to optimally utilise the gas available in Tripura, ONGC proposes to initially develop a 726.6 MW Combined Cycle Gas Turbine (CCGT) thermal power plant (“the Project”) close to its gas fields in the state of Tripura and supply power to the deficit areas of North Eastern States of India

This initiative of ONGC is expected to transform the power scenario of entire North-Eastern Region of the country and catalyze rapid economic development of the region. The generation project combined with linked transmission project and upstream gas supply project is slated to bring in investments of around Rs. 9,000 Crore, in the region

ONGC Tripura Power Company Ltd is sponsored by Oil and Natural Gas Corporation (ONGC), Infrastructure Leasing and Financial Services Limited (IL&FS) and Government of Tripura (GoT) for implementation of 726.6 MW CCGT thermal power project at Palatana in Tripura to supply power to the power deficit areas of North Eastern states of the country. ONGC, IL&FS and GoT have entered into a Shareholders’ Agreement (SHA) on September 18, 2008 for subscribing to the equity of OTPC.

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Key Project Participants :
    
ongc

Oil and Natural Gas Corporation Ltd
Asia’s best Oil & Gas company, as per a recent survey conducted by US-based magazine ‘Global Finance’.

 

gov
Government of Tripura
 
 ILFS

IL&FS 
A premier financial service organisation providing individuals and corporates with customised financial management solutions

pgcPower Grid Corporation of India
One of the Largest and best managed Transmission Utility in the world. A Corporate citizen having Integrated Management System duly certified  by BSI covering ISO 9001:2000 for Quality management System, ISO 14001:1996 for Environment Management System and OHSAS 18001:1999 for Occupational Health and Safety Management System