Begin typing your search above and press return to search.

CPM against private company�s proposed Tripura entry

By The Assam Tribune

AGARTALA, Jan 3 - The Opposition CPI(M) in Tripura today opposed the Centre�s decision to allow private sector Vedanta Limited to explore oil and natural gas in the State, terming it as a �ploy� to weaken public sector firms like the ONGC.

Joint Secretary of the Ministry of Petroleum and Natural Gas, in a letter to Tripura Chief Secretary LK Gupta in December said, the Government of India has signed 55 revenue sharing contracts with companies which have been awarded petroleum exploration blocks under the first round of the Hydrocarbon Exploration and Licensing Policy (HELP) and the Open Acreage Licensing Policy (OALP) for exploration and production of crude oil and natural gas.

The letter added, �One exploration block has been awarded to Vedanta Limited for exploration and production in the state of Tripura. Vedanta Limited is required to apply to the state government for grant of Petroleum Exploration Licenses (PELs)�.

The Petroleum Ministry has also asked Tripura to facilitate speedy clearance for smooth flow of investment in the project.

A statement issued by the CPI(M) on Thursday said, �The Navaratna ONGC is exploring oil and natural gas in Tripura for the last five decades. It has extracted a huge quantity of gas and played a very important role in generating electricity and distributing LPG in the households of the State. Many States of the North East and neighbouring Bangladesh are being benefited from the electricity generated from Tripura.�

The State unit of the CPI(M) vehemently protests the Central Government�s decision to weaken the public sector undertaking, ONGC, the statement said.

The party also appealed to the people to protest against the decision.

The ONGC started drilling in Tripura in 1962. The company, in a joint venture with the State Government in 2012, started a gas-based power company at Palatana in Gumati district, about 60 km from here, which generates 726.6 MW power per day and caters to the North Eastern States and Bangladesh. � PTI

More in Entertainment
Next Story
Similar Posts
CPM against private company�s proposed Tripura entry

AGARTALA, Jan 3 - The Opposition CPI(M) in Tripura today opposed the Centre�s decision to allow private sector Vedanta Limited to explore oil and natural gas in the State, terming it as a �ploy� to weaken public sector firms like the ONGC.

Joint Secretary of the Ministry of Petroleum and Natural Gas, in a letter to Tripura Chief Secretary LK Gupta in December said, the Government of India has signed 55 revenue sharing contracts with companies which have been awarded petroleum exploration blocks under the first round of the Hydrocarbon Exploration and Licensing Policy (HELP) and the Open Acreage Licensing Policy (OALP) for exploration and production of crude oil and natural gas.

The letter added, �One exploration block has been awarded to Vedanta Limited for exploration and production in the state of Tripura. Vedanta Limited is required to apply to the state government for grant of Petroleum Exploration Licenses (PELs)�.

The Petroleum Ministry has also asked Tripura to facilitate speedy clearance for smooth flow of investment in the project.

A statement issued by the CPI(M) on Thursday said, �The Navaratna ONGC is exploring oil and natural gas in Tripura for the last five decades. It has extracted a huge quantity of gas and played a very important role in generating electricity and distributing LPG in the households of the State. Many States of the North East and neighbouring Bangladesh are being benefited from the electricity generated from Tripura.�

The State unit of the CPI(M) vehemently protests the Central Government�s decision to weaken the public sector undertaking, ONGC, the statement said.

The party also appealed to the people to protest against the decision.

The ONGC started drilling in Tripura in 1962. The company, in a joint venture with the State Government in 2012, started a gas-based power company at Palatana in Gumati district, about 60 km from here, which generates 726.6 MW power per day and caters to the North Eastern States and Bangladesh. � PTI

More in Entertainment
Similar Posts