{"id":460580,"date":"2022-01-06T10:55:41","date_gmt":"2022-01-06T05:25:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=460580"},"modified":"2022-01-06T10:55:41","modified_gmt":"2022-01-06T05:25:41","slug":"gail-acquires-26-ilfs-stake-in-tripura-power-company","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-acquires-26-ilfs-stake-in-tripura-power-company\/","title":{"rendered":"GAIL acquires 26% IL&amp;FS stake in Tripura power company"},"content":{"rendered":"<p>NEW DELHI: State-owned gas utility GAIL on Tuesday acquired the 26% stake of now-defunct ILF&amp;S (Infrastructure Leasing and Financial Services) in ONGC Tripura Power Company.<br \/>\nOTPC is a SPV (special purpose vehicle) set up by state-run explorer ONGC to build a 726 MW gas-fired power plant at Palatana in Tripura. The IL&amp;FS group and the Tripura government were partners in the SPV.<br \/>\nONGC holds 50% in the company that supplies electricity to the north-eastern states. Tripura government holds 0.5%, while India Infrastructure Fund II holds the balance 23.5% stake.<br \/>\nThe power plant was set up by ONGC to monetise a Tripura gas find, which had to be capped for years due to absence of evacuation infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-owned gas utility GAIL on Tuesday acquired the 26% stake of now-defunct ILF&amp;S (Infrastructure Leasing and Financial Services) in ONGC Tripura Power Company. OTPC is a SPV (special purpose vehicle) set up by state-run explorer ONGC to build a 726 MW gas-fired power plant at Palatana in Tripura. The IL&amp;FS group and the Tripura government were partners in the SPV. ONGC holds 50% in the company that supplies electricity to the north-eastern states. Tripura government holds 0.5%, while India Infrastructure Fund II holds the balance 23.5% stake. The power plant was set up by ONGC to monetise a [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-460580","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/460580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=460580"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/460580\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=460580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=460580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=460580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}