Tripura govt to start talks to buy 26% IL&FS shares of Palatana gas thermal power project


Agartala: The Tripura authorities will quickly begin dialogue for buy of 26 % fairness shares of the Palatana gasoline thermal energy mission from the Infrastructure Leasing and Monetary Providers (IL&FS).

The 726.6 MW gas-based energy mission, run by ONGC Tripura Energy Firm (OTPC), was formally began in 2014 as a three way partnership of the ONGC, the IDFC, the IL&FS and the Tripura authorities.

“The state of Tripura owns 0.5 % share within the mission. We now have come to know from the central authorities that the IL&FS will offload its whole 26 per cent share. We’re within the means of opening dialogue with them to purchase all of the shares as a result of the Palatana energy mission is a really worthwhile firm,” Regulation Minister Ratan Lal Nath advised reporters on Friday.

Representational picture. Reuters.

The ministry of energy allotted over 58 % vitality from the Palatana mission to north japanese states.

Out of Tripuras share within the tasks output, the state authorities is promoting 160 mw every day to neighbouring Bangladesh.

The IL&FS bought 26 % fairness shares at Rs 291.20 crore. With improve in worth, the fairness shares at the moment are estimated at Rs 300 crores, Nath mentioned.

The minister claimed that the worth of the shares is prone to admire in future.



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