ONGC looks to have made some progress in giving EPC contracts for implementing the 740-MW gas-based ONGC Tripura Power. The energy major is now to set to open financial bids for the EPC contract by mid-June. BHEL and Alstom are the competitors for the contract. The Rs 3000-crore thermal project is the single largest proposed industrial investment in the entire North-eastern region. It is a challenging project and the prospective contractors had many queries regarding the project implementation from ONGC, the Government of Tripura and the Union Government.
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