NEEPCO power plant to get gas from ONGC

New Delhi: ONGC will supply 0.5 million standard cubic metres a day of gas for a period of 15 years to North Eastern Electric Power Corporation Ltd’s (NEEPCO) gas-based power plant coming up at Monarchak in Tripura.

According to a statement issued by the company, “This is the first agreement to be signed by ONGC at market price in Tripura.” NEEPCO plans to produce 104 MW power by end-2010 from this combined cycle power plant. A Gas Supply Agreement (GSA), formalising this, was concluded here on Thursday.

The term sheet, which was signed earlier this year on March 25, has now been regularised with this agreement, it said.

The first drawl is slated by September 25, 2010, within 30 months from the date of signing of Term Sheet. ONGC shall be transporting gas from its various new fields in Tripura.