Financial Services

Investment Banking

ONGC Tripura Power Project

IL&FS is the Sole Transaction Advisor for setting up a 1000 MW Combined Cycle Gas Power Plant in the state of Tripura. IL&FS initiated the project development efforts by incorporating a Joint Venture Company with equity participation by IL&FS, ONGC and Government of Tripura

The project scope would also include implementation of a 700 KM, 400 KV D/C transmission line connecting project site at Pallatana in Tripura to Bongaigaon in Assam The completion cost of the generation project is estimated at USD 700 mn while cost of the transmission project is estimated to be USD 400 mn

IL&FS is responsible for the obtention of approvals such as Environment and Forest clearance, execution of key contracts like EPC and O&M contracts, facilitation of power sale arrangements besides day-to-day project coordination