Public Sector

ONGC-Tripura received clearance from Centre for setting up its third plant

ONGC-Tripura received clearance from Centre for setting up its third plant

ONGC-Tripura received clearance from Centre for setting up its third plant – ONGC-Tripura utility (OTPC), a gas-based Power Generation unit inside the northeastern region, has gotten environmental clearance from the Center for setting up its third plant, an official mentioned on Friday.

The greatest gas-based utility inside the area as of now has 2 offices with a total ability of 726 MW at Palatana in Tripura’s Gomati region.

The third unit can have an power generation capacity of 363 MW, OTPC chief SC Namboodiripad aforementioned as we need 1.5 million standard cubic meters each day of gas and region unit in chats with ONGC NSE 2.15 % for designation and valuation of the asset as we watch out for territory unit hopeful in regards to the project and have gotten clearance from the Center,” he said.

The power organization, that has been toward the northeastern states and adjoining Bangladesh, has accomplished an income of over Rs 150 crores in the 2020-21 business venture, Namboodiripad previously mentioned, ONGC along with Infrastructure Leasing and cash Services Ltd (IL&FS) and accordingly the Tripura government had formed the particular rules by getting in an investors’ understanding in 2008.

The Center has allocated more than 58% of power from the undertaking toward the northeastern states – Assam (240 MW), Tripura (196 MW), Meghalaya (79 MW), state (42 MW), Nagaland (27 MW), Arunachal Pradesh and Mizoram (22 MW each), and 98 MW is appointed to OTPC for deals, the authority mentioned. (PTI)

Read more Public Sector News on India Frontline.