ONGC Tripura Power Company Limited (OTPC) and Assam Power Distribution Company Limited (APDCL) have entered into a memorandum of understanding (MoU) to develop a battery energy storage system (BESS) project with a capacity of up to 250MW/500MWh in Assam. The parties plan to develop the BESS project in Assam in a phased manner by establishing […]
GAIL (India) Limited has acquired a 26% stake in ONGC Tripura Power Company (OTPC), the owner and operator of a 726.6MW Palatana power plant, a gas-fired combined cycle power project in Palatana, Tripura. The financial terms of the deal were not disclosed. Commissioned in 2013, the Palatana power plant comprises two units, each of 363.3MW […]
GAIL (India) Limited has secured approval from the National Company Law Tribunal (NCLT) for its previously announced acquisition of a 26% stake in ONGC Tripura Power Company (OTPC) from Infrastructure Leasing & Financial Services (IL&FS). The Indian government-owned natural gas transmission company is acquiring the stake from IL&FS Group companies — IL&FS Energy Development Company […]