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Home / India News / 2007 / May 2007 / May 14, 2007
ONGC to set up a 750 MW power plant in Tripura
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ONGC to set up a 750 MW power plant in Tripura

The Oil and Natural Gas Corporation Limited (ONGC) on Monday announced the setting up of a 750 Mega Watt (MW) gas-based thermal power project in Palatana, 60 kilometres from Agartala.

Agartala, May 14 : The Oil and Natural Gas Corporation Limited (ONGC) on Monday announced the setting up of a 750 Mega Watt (MW) gas-based thermal power project in Palatana, 60 kilometres from Agartala.

The company has approved around 57 million rupees for the project, to beperational by 2011.

The project would run on natural gas, extracted from the state. ONGC extracts about three million cubic metres of gas from over 124 wells in the state.

The project requires about 2.5 million cubic metres of gas.

"Our current reserves are not sufficient to feed the project for the next 15 years. We are stepping up explorations, and expect to find more gas reserves in the state enough to feed not only the power plant, but other projects as well," said R.S. Sharma, Chairman and Managing Director of ONGC.

ONGC is committed to expand overseas explorations, but haulsre subject to the host countries' policies, Sharma said.

"Our 26 projects in 16 countries are underway. Last year, we hit over 7.5 million tonnes of oil and oil-equivalent gas. It is not that we are not looking for opportunities abroad, but opportunities also depend on policies of other countries," he added.

India did not get supplies from A1 and A3 blocks of natural gas reserves in Myanmar despite owning 20 per cent of each of these blocks.

Myanmar has said it is considering supplying the gas to China through an over land pipeline.

Referring to a recent gas-strike in an Iranian off-shore block by a consortium led by ONGC Videsh Limited, Sharma said there were enough reasons for continuing the overseas explorations.

Sharma appealed to the insurgent groups in the Northeast, not to block the exploration and production efforts in the region.

"To be very candid I would say yes... I would like to convey a message through the media to those elements of the society --please have trust on the new initiatives, and wait for a while. Everyone is going to benefit from this development," he said.

Several separatist groups are known to be active in the oil and timber rich region, fighting for secession from the country, accusing New Delhi of exploiting the natural resources without sharing the fruits of development equitably.

ANI

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