8AUGUST 2024ONGC TO BOOST GAS PRODUCTION IN TRIPURA TO FEED POWER FACILITIESOil and Natural Gas Corporation (ONGC) has intensified operations to increase gas production in Tripura to feed power generation plants in the northeastern state, an official added. The decision comes amid reports of a reduction in gas supply to various gas-based power generation plants in the state.ONGC produced 1,527 million standard cubic metres (MMSCM) of gas in Tripura in the 2023-24 fiscal, while it has set a target of extracting 1,675 MMSCM gas in the current fiscal."ONGC has been working to increase gas production so that sufficient gas is supplied to the gas-based power plants in Tripura. We have already set a target of extracting 1,675 MMSCM of gas during the current fiscal year (2024-25) while the production was 1,527 MMSCM in 2023-24," ONGC's Tripura Asset Manager Krishna Kumar told PTI.He said that ONGC will dig as many as 20 new wells for gas exploration in the financial year 2024-25 and one more rig will be added shortly to boost the exploration drive. At present, six rigs are being used by ONGC to explore natural gas in the northeastern state."Due to rapid urbanisation in Tripura, ONGC is focusing on cluster drilling to extract gas by using old wells because facilities are already available there. Also, we don't need to get fresh approval from the state for gas exploration or extraction in those sites. There is also no need to acquire land which has become a costly affair," he said. NTPC NPCIL TO FUND RS 50,400 CR IN 2,800 MW NUCLEAR POWER PLANTNTPC Ltd and Nuclear Power Corporation of India to jointly invest approximately Rs 50,400 crore for the development of the 2,800 MW Mahi-Banswara nuclear power plant. The Cabinet is expected to approve the proposal to transfer the nuclear units to Anushakti Vidhyut Nigam Ltd, a joint venture with NPCIL, this month.The person mentioned that the company will no longer participate in the 1,400 MW Chutka Madhya Pradesh Atomic Power Project, which was supposed to be a collaboration with NPCIL. The Mahi-Banswara project would serve as a stepping stone for the power major to advance its nuclear energy plans independently, according to the individual.The company is planning to list its environmental division in November with aims to dilute its stake by 10 percent, as per the source. NGEL is expected to have 4,000 MW installed in November, with another 8,000 MW being built and an additional 8,000 MW in different development stages.NGEL will support the ambitious clean energy initiatives of India's biggest power producer. The company plans to establish subsidiaries and form joint ventures to execute the projects.The power generator's branch will lead the way in achieving the goal of increasing renewable energy capacity by 60 GW by 2032. It also aims to advance projects for pumped hydro storage and the production of green hydrogen and ammonia. TOPSTORIES
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