Current Affairs - State - Discussion

Tripura government to acquire 26% shares of Palatana thermal project from IL and FS. Palatana gas thermal power project is a 726.6 MW gas-based power project. It is run by ONGC Tripura Power Company (OTPC). Tripura owns 0.5 % share in the project. IL&FS will be selling its entire 26 % in the Palatana thermal project. Tripura is in the process of opening a dialogue with IL&FS to buy the 26 % shares. IL&FS purchased 26 % equity shares at Rs 2.91 billion. Now, the equity shares are estimated at Rs 3 billion. Ministry of power allocated over 58 % energy from the Palatana project to north-eastern states.