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ONGC's Rs.24 bn Assam project on fast track
25 July, 2011
The state-owned Oil
and Natural Gas Corp (ONGC) Saturday said it had intensified
efforts to implement the ambitious Rs.2,400 crore to replace
and revamp ageing installations in Assam.
The project, launched in 2009, includes removal of surface
bottlenecking and utilisation of technologies and equipment of
international standards, besides drilling of high-tech wells
to increase production.
"Several wells were abandoned many years back in different
parts of Assam," ONGC chairman and managing director A.K.
Hazarika told reporters.
"ONGC has tied up with (state-owned) Nuclear Power Corp (of
India Ltd) (NPCIL) to explore possibilities of uranium
exploration and extend necessary assistance to set up nuclear
power projects in India."
Hazarika said a pilot project would be undertaken for uranium
exploration in the Krishna-Godavari basin.
India, with 0.8 percent of the world's uranium reserves, will
need 78,000 tonnes to generate 20,000 MW of electricity
through nuclear power by 2020.
Hazarika, accompanied by chiefs of Bharat Heavy Electricals
Ltd (BHEL) and Power Grid Corp India Ltd, is on a two-day
visit to Tripura to review the progress of the giant Palatana
The ONGC, for the first time, has been commissioning
commercial power project in India with a generation capacity
of 726 MW in Palatana, 60 km south of here.
The Fortune 500 company has formed ONGC Tripura Power Co Ltd (OTPC)
to set up the Rs.9,000-crore project, the largest thermal
power plant in the northeast.
"Due to monsoon related transportation hiccups, the project
would start electricity generation in February 2012 instead of
December this year. The second unit would begin to produce
power in August 2012," Hazrika said.