The Tripura cabinet has approved the increase in ownership shares of Tripura state government in OTPC, Palatana.
The ONGC Tripura Power Company Limited is the first environment-friendly Natural Gas based thermal power plant of Northeast.
At present, 50 percent shares of this power plant is owned by the ONGC, 26 per cent shares of IL&FS, 23.5 percent shares of IDFC and 0.05 percent shares by the Tripura State Government.
Currently IL&FS wants to sell 26 percent of their shares due to financial crisis. Tripura Government is interested in buying these shares; the state government has approved the purchase of 26 percent of the shares.
The OTPC Palatana thermal power project is located in Gumti district of the state.