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ONGC, Bangladesh to ink pact for ship equipment
29 November 2010: ONGC is likely to sign an agreement with the Bangladesh Government to use Ashuganj port on latter’s territory to ship heavy equipment for setting up 726.6 MW power plant in Tripura. The pact will clear transportation hurdles for setting up gas-based power plant at Palatana. An MoU in this regard is likely to be signed soon.
ONGC will supply gas to the upcoming power plant in Tripura. Currently, the largest explorer in the country produces 1.5 — 1.6 million cubic metres of gas per day from its Tripura block.
BHEL is setting up the Rs 2,200 crore combined cycle power plant (CCPP) in Tripura. The plant is expected to generate power by 2012. The equipment for first 320-MW unit has been imported from the United States.
A turnkey contract worth close to Rs 100 crore has been bagged by ABC India to transport equipment to Palatana. In 2008, Oil and Natural Gas Corporation (ONGC) along with Infrastructure Leasing and Financial Services (IL&FS) and Tripura government has set up ONGC Tripura Power Company for implementation of 726.6 mw power project at Palatana in Tripura to supply power to the power deficit areas of northeastern states.
Source: Petroleum Bazaar