Agartala, June 15 (UNI) With the signing of the Gas Supply Agreement (GSA) between the Oil and Natural Gas Corporation Ltd (ONGC) and North East Electric Power Corporation Ltd (NEEPCO) last week, the Tripura government has asked the NEEPCO to execute the proposed 104-MW power project at Monarchak in West Tripura district at the earliest.
State Power Minister Manik Dey told UNI here today that the thermal power project was initiated in 2002 but it was held up because of non-assurance of gas supply from ONGC and the state government had asked the NEEPCO authorities to start construction work by end of the monsoons.
''I had a meeting with NEEPCO Chairman-cum-Managing Director V K Abbey to discuss the present status of the project,'' he said, adding that the tender for the power project would be opened on July 10.
Mr Dey said the NEEPCO wants to start the Rs 330 crore power project within the next three months and complete work by 2010, as the ONGC had already assured supply of 0.5 million cubic metres of natural gas for 15 years for the proposed power plant.
The Power Minister said the ONGC woul feed the NEEPCO's gas power station and both the organisations had signed first agreement at market price in New Delhi recently and according to the agreement the ONGC would supply 0.5 million cubic metres gas per day to the gas-based power station of the NEEPCO coming up at Monarchak.
The agreement assumes significance as this is the first agreement to be signed by the ONGC at market price in Tripura. NEEPCO plans to produce 104 MW of power by the end of 2010 from this combined cycle power plant, Mr Dey said.
The ONGC would be transporting gas from its various new fields in Tripura, including Sonamura, Tichna and Sundalbari, and deliver at the fence of the NEEPCO's Monarchak project, which would help in development of the power-starved region.
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