Agartala, Dec 29 (IANS): State-owned ONGC is to set up a slew of projects in the nuclear, fertiliser, solar, wind power and lighting sectors, a top company official said on Thursday.
A gas-fired fertiliser plant would be set up in Tripura, the solar projects in Rajasthan and Gujarat and the wind power project in Rajasthan, while the sites for the nuclear plant and a light-emitting diode (LED) manufacturing unit have yet to be finalised, Oil and Natural Gas Corporation (ONGC) chairman-cum-managing director Sudhir Vasudeva told reporters here
"After completion of the necessary procedures, we would soon decide on setting up the nuclear power plant and LED lamp manufacturing unit," he added.
"The nuclear power plant would be set up at a mutually agreed location in collaboration with Nuclear Power Corp of India Ltd (NPCIL). Talks with the NPCIL are at the formal stage."
"ONGC will ask (government-owned) PDIL (Projects and Development India Limited) to conduct a feasibility study on setting up the fertilizer plant in Tripura and to prepare a detail project report (DPR)," Vasudeva said.
He said ONGC has internally assessed that the Rs 5,000 crore urea unit in Tripura can be found with the natural gas the company has abundantly found in the state.
Vasudeva, accompanied by top company officials, arrived here Wednesday to review the progress on setting up a 726 MW power plant, its first such in India.
The Rs.4,000 crore combined cycle plant is in the process of being commissioned at Palatana in southern Tripura, 60 km south of here.
The electricity crisis in northeastern India is expected to ease with the setting up of the plant, which is expected to start generating power by May 2012.