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PM lays foundation stone of thermal plant in Tripura

     Agartala (Tripura): Prime Minister Manmohan Singh on Saturday laid the foundation stone of the 750-MW thermal power project, the Oil and Natural Gas Corporation's (ONGC) first ever commercially based power plant in the country, at Palatana in South Tripura. The project, which will be commissioned by the first quarter of 2008, is the single biggest investment in the North-Eastern region. Giving details about the project, ONGC Chairman-cum-Managing Director Subir Raha told newsmen that the Rs. 4050-crore (890 million dollar) project (Co-generation waste heat recovery) would be set up in collaboration with Infrastructure Leasing and Financial Services (ILFS) and Tripura Government. Of the Rs 4050 crores, Rs 1650 crores (142 million dollars) will be spent to built 680-KM long transmission line to connect with the national grid at Bongaigaon in Assam. Raha said that Uttar Pradesh, Punjab, Haryana, Rajasthan, Madhya Pradesh, Assam, Meghalaya and Tripura had already expressed willingness to purchase power from this project called ONGC- Tripura Power Project (OTPC). He said instead of continuously pursuing Bangladesh to agree to piped transit of natural gas, power generation and wheeling thereof to various power starved states in India appears more prudent.

     Following Tripura Chief Minister Manik Sarkar's demand,the union government is considering to declare the power project as '' mega project '' to get duty free for import of various equipment and turbine for the project. Once the Centre declares this as '' mega project '' the project cost will automatically be reduced, he pointed out. An exclusive company called ONGC-Tripura Power Company Private Limited, headed by Raha, was constituted to supervise all aspects of the power project for which the ONGC will spend Rs 750 crores (99 million dollars) for setting up of three new Gas Gathering Stations and upgradation of existing GGS. The state government has given about 200 acres of land for the power project, which have already received various approval of the union government including that of Forest and Environment clearance. The Detailed Project Report (DPR) of the power plant has been already prepared.

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