New Delhi, June 23: ONGC, India's biggest oil and gas explorer and producer, has ventured into commercial power generation after commissioning a 363.3 megawatt (mw) gas-based power plant at Palatana in the north-eastern state of Tripura.
The plant's full capacity will be 726.6 mw and will be completely commissioned by August 2013. ONGC is the main promoter of the plant with a 50% stake, while IL&FS holds 26 per cent stake and Tripura government 0.5 per cent stake. The cost involved in building the plant is at Rs 3,500 crore, and with transmission lines and related infrastructure cost around Rs 10,000 crore.
