The Tripura government will soon start dialogue for purchase of 26 per cent equity shares of the Palatana gas thermal power project from the Infrastructure Leasing and Financial Services (IL&FS).
The 726.6 mw gas based power project, run by ONGC Tripura Power Company (OTPC), was formally started in 2014 as a joint venture of the ONGC, the IDFC, the IL&FS and the Tripura government.
“The state of Tripura owns 0.5 per cent share in the project. We have come to know from the central government that the IL&FS will offload its entire 26 per cent share.
We are in the process of opening dialogue with them to buy all the shares because the Palatana power project is a very profitable company,” Law Minister Ratan Lal Nath told reporters. Read More