Power generation from ONGC Tripura plant by 2011

Agartala: Oil and Natural Gas Corporation today said power generation from its proposed 750 mw gas-based thermal project in Palatana in Tripura would start by 2011.

R S Sharma, chairman and managing director, told reporters that ONGC was currently extracting three million cubic metre of gas from 124 wells in Tripura and drilling at 64 new places in the state to fulfil the requirements of the Palatana project in which it had an almost 70-per cent stake.

He said that ONGC would invest nearly Rs5,000 crore for the Palatana project, which would need nearly 4.5 million cubic metre of gas per day to run the power project. He said that the entire gas required for the Palatana project would be extracted from Tripura.
Sharma said ONGC was exploring gas in Tripura, Assam, and would start exploration in Mizoram from next year. The PSU has also increased its crude oil production this year by up to 8 per cent, he said.