BUSINESS

ONGC plans power project in Tripura

NEW DELHI, DEC. 6. The Oil and Natural Gas Corporation in collaboration with Infrastructure Leasing and Financial Services and the Tripura Power Development Corporation has firmed up plans for a Rs. 3,500-crore gas based power project in Tripura.

The proposal is for a 750 MW co-generation waste heat recovery power plant. This is expected to be the biggest ever investment in any of the Northeast States.

At present only one-third of the gas production potential is being utilised in the State. A company release says the balance capacity has been idle for several years because public and private companies given gas allocation have not taken steps to set up facilities.

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