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On October 1, the government dissolved the IL & FS board of directors and appointed a new board. Photo: Mint
Agartala: The Tripura government will soon begin a dialogue. for the purchase of 26% stake in the Palatana gas thermal energy project from Infrastructure Leasing and Financial Services (IL & FS).
The 726.6 megawatts (MW) gas-fired electricity project, managed by the CGSB Tripura Power Company (OTPC), was launched in 2014 as a project. a joint venture between ONGC, IDFC, IL & FS and the Tripura Government.
"The State of Tripura holds a 0.5% stake in the project. We learned from the central government that I & FS would be discharging its entirety. We are about to open dialogue with them to buy all the shares because the Palatana Electricity Project is a very profitable business, "said Justice Minister Ratan Lal Nath.
The Ministry of Power has allocated more than 58% of energy to its customers. the Palatana project in the northeastern states.
O With Tripura's share in the production of the project, the state government sells 160 MW daily to neighboring Bangladesh.
See also: Government weighs on the sale of crisis-stricken IL & FS
IL & FS bought 26% of shares at a crore of Rs 291.20. the increase in value, shares are now estimated at 300 crores of Rs, said Nath.
See also: Impact of the crisis of the IT & FS: companies return to obtain loans
This article was published on a branch agency without modifications to the text. Only the title has been changed.
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