ONGC-Torrent sign MoU
PM News Bureau
Oil and Natural Gas Corporation Ltd has signed an MoU with
Torrent Energy Ltd for the supply of bulk power.
Under the MoU, Torrent Energy will supply 350-400 mw power to ONGC Petro-additions
Ltd (OPaL), a company promoted by ONGC to set up a petrochemicals company at
The Gujarat government has already designated Torrent Power Ltd as co-developer
for generation and distribution of power in Dahej Special Economic Zone. As a
result, Torrent Power has incorporated Torrent Energy to set up a 1,500-mw
LNG/gas-based power plant at Dahej SEZ in phase-I, to be commissioned by
As per the MoU, Torrent will provide OPaL with sustained power supply, in
synchronisation with OPaL's planned commissioning of its petrochemicals complex.
[May 26-June 1, 2008]