ONGC, the oil exploration and production major, has announced that its 750 MW
gas based power project in Tripura will be commissioned by the end-2012.
The Rs 3,000 crore project is being developed through a SPV known as ONGC
Tripura Power Company wherein ONGC and IL&FS have 26 and 23 per cent stake
respectively. The Tripura government holds 5 per cent and investors hold the
rest.
According to sources, another Rs 2,000 crore will be invested by SPV called
North East Transmission Company to lay a necessary transmission line for the
evacuation of power. The equity holders of the SPV are PowerGrid Corporation (26
per cent), ONGC (23 per cent) and other investors.
Also See:
ONGC's Dahej
project by 2010 (23-Apr-09)
Related Links:
Project profile