A Fortune 500 company of the Government of India, owns significant natural gas reserves in the North Eastern state of Tripura. However, these natural gas reserves were not developed commercially due to low industrial demand in the North-Eastern region.
The complexities of logistics and attendant costs limited the economic viability of transportation of gas to other parts of the country where gas is in deficit. In order to optimally utilize the gas available in Tripura and to supply power to the deficit areas of North Eastern States of India, ONGC along with Infrastructure Leasing and Financial Services Limited (IL&FS) and Government of Tripura (GoT) formed a Special Purpose Vehicle ONGC Tripura Power Company (OTPC) by entering into a Shareholders’ Agreement (SHA) on September 18, 2008 to implement a 726.6 MW Combined Cycle Gas Turbine (CCGT) thermal power plant at Palatana, Tripura.
The first block (363.3 MW) of the power plant was declared under Commercial Operation from 4th January, 2014 and the second block (363.3 MW) of the two blocks was declared under Commercial Operation from 24th March 2015. BHEL was the EPC contractor for setting up of the power plant. Subsequently in April 2015, India Infrastructure Fund- II, (Formally known as GIP) became an investor in the company by acquiring 23.5% of the equity stake.
GAIL India Limited, a renowned PSU under MOPNG has acquired the 26% equity stake in OTPC on 04th January, 2022 from IEDCL & IFIN (IL & FS Group Companies). Accordingly w.e.f. 04.01.2022, GAIL India Limited has become shareholder of OTPC replacing IL&FS group Companies.
The setting up of the power plant has helped in transforming the power scenario of the entire North-Eastern Region of the country and has assisted in catalyzing rapid economic development of the region. The generation project combined with linked transmission project and upstream gas supply project has brought in investments to the tune of Rs. 10,000 crores in the region.
A 400 kV D/C Transmission system connecting the OTPC power plant in Tripura to Bongaigaon in Assam over a distance of around 650 Kms has been set up for evacuation of power from the power plant.
The development and operation of the transmission system was undertaken by North-East Transmission Company Limited (NETCL) a joint venture of OTPC, Power Grid Corporation of India Ltd (PGCIL) and the North-Eastern Region (NER) beneficiary states. Inter-state and intra-state sub-transmission system and the distribution system within NER states were developed by PGCIL as the Central Transmission Utility (CTU).
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North East Transmission Company Limited (NETC) – a Joint Venture of ONGC Tripura Power Company Limited (OTPC), POWERGRID and States of NER was incorporated on 26th August 2008 as per the provision of Companies Act 1956 with an objective to develop transmission line to evacuate power from 726.6 MW Gas Based Combined Cycle Power Project (CCPP) of ONGC Tripura Power Company (OTPC) at Palatana, Tripura.
The transmission line from Palatana is connected to the states of Tripura, Meghalaya and Assam through sub-station at Silchar, Azara and Bongaigaon. The transmission line is of route length of 662.8 Kms of 400 KV D/C EHVAC level.
For more details kindly refer: www.netcindia.in
ONGC Tripura Power Company Limited (OTPC) alongwith Assam Power Distribution Company Limited (APDCL) formed a Joint Venture Company named “New and Green Energy of Assam Limited” (NGEAL) in 51:49 Equity share structure with a view to set up Battery Energy Storage System (BESS) in Assam up to 250 MW/500 MWh in phases – 1st Phase: 25MW/50MWh. The purpose of BESS project is to overcome the acute shortage of power during peak load hours faced by APDCL. BESS would store surplus energy available with APDCL during day time and discharge stored energy during peak load hours in the morning and evening.
For more details kindly refer : www.ngealindia.in
OTPC Management Systems are certified to the following International Standards:
(ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018)
(ISO 27001:2013)
(ISO 50001:2018)
NGC is India's largest producer of Crude Oil & Natural Gas and dominates the exploration and production of crude oil and natural gas in India with 85% market share. ONGC has the maximum number of exploration licenses, including competitive NELP rounds. It owns and operates more than 15,000 kilometers of pipelines in India, including nearly 3,800 kilometers of sub-sea pipelines.
GAIL (INDIA) Limited has acquired 26% equity stake in the Company on 04th January 2022. GAIL (India) Limited is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, petrochemicals, city gas, E&P, etc. It owns and operates a network of around 13,340 km of natural gas pipelines spread across the length and breadth of country.
India Infrastructure Fund- II (acting through its investment manager ‘IDFC Alternatives Limited) has acquired 23.5% equity stake in the Company with effect from 10.04.2015. This investment by India Infrastructure Fund- II brings on board a credible infrastructure partner, further strengthening the core development theme of the project. With effect from 01.07.2018, IDFC Alternatives Limited, the investment manager of India Infrastructure Fund II has transferred the investment management of the India Infrastructure Fund II to Global Infrastructure Partners India LLP*, a limited liability partnership incorporated in India under the Limited Liability Partnership Act, 2008.
Government of Tripura (GoT) has picked up 0.5% stake in the project in view of its expected positive impact on the industrial development in the state. The project would give a big boost to the industrialization and economic growth to not only Tripura state but the whole North Eastern part of the country and would go a long way in eradicating regional imbalances in the country. GoT has been fully committed to the implementation of the project and has made all efforts to help OTPC in land acquisition, water availability, availability of local infrastructure, obtaining various clearances etc.