- Pics: Thousands bid farewell to Lee in SingaporeYoungsters 'happier and healthier' than ten years agoAustralia bags 5th World Cup titleDeepika bats for women equalityAditi Arya crowned Miss India 2015Saina becomes World No.1 woman shuttlerKatrina Kaif unveils her wax statue at Madame TussaudsSee Deepika-Ranbir pics when they were in loveRam Gopal Verma is happy that India lost the matchPICS:Modi, Satyarthi in greatest leaders list of Fortune
Kidambi Srikanth on Sunday gave delight to the nation by clinching men's singles titles at
ONGC to set up its own power plants Last Updated : 29 Mar 2013 10:17:58 AM IST File photo
Andhra Pradesh state-run exploration giant ONGC ton Thursday said it plans to set up its own power plants, not just gas-based but also facilities based on nuclear, wind and other conventional energy sources.
"We intend to set up our own power plants, not just gas-based but also power plants based on conventional energy sources besides wind power, nuclear power plants," ONGC Chairman and Managing Director Sudhir Vasudeva said.
He was speaking after inaugurating?the monetisation and production operations from the first onshore marginal gas fields in KG basin at Ponnamanda village in East Godavari district of Andhra Pradesh. The fields are to be operated by KEI-RSOS Petroleum & Energy Ltd (KRPEL), a private entity.
"Our focus has been on fields with large gas potential. However, the recent increase in the gas prices has made us to relook at such marginal fields through the public private partnership," Vasudeva said.
"We see tremendous potential in this project with an expectation on three lakh cubic meters of gas, as there are five more well to be drilled. Rajahmundry asset of ONGC has been one of the best assets and hope to see it go from strengthen to strengthen," the CMD said.
He said ONGC has allocated 2 per cent of its profits towards Corporate Social Responsibility (CSR) projects.
P K Rao, Manager of the PSU's KG Asset, said the commencement of gas production and monetisation of the three depleted marginal fields near Rajahmundry Sirikattapalli, Mullkipalli and Megatapalli ? has proven that ONGC's marginal fields policy has been a success.
Murthy Jasti, Managind Director of KRPEL, said it is an honour to be called "partners" of a great organisation like the ONGC.
KRPEL, the service partner in the project, has laid 15 km of pipelines connecting all the fields and built a gas gathering station capable of processing five lakh cubic metres of gas per day at Ponnamanda.
Post Your Comment (0 posted):
Bollywood star Deepika Padukone, along with 98 other women from Mumbai have featured in a
- Shruti to face cheating Case
- Katrina Kaif unveils her wax statue at Madame Tussauds
- See Deepika-Ranbir pics when they were in love
- OMG! Shahid is marrying this year
- PICS:Ram Gopal Verma is happy that India lost the match
- Kim adopts new look
- Why Ranbir Kapoor's father feels guilty?
- Priyanka congratulates her 'Rival' Kangana!
A new study reveals the secret of why men likes to grow their beards.
Mobile commerce is likely to overtake e-commerce in the next few years, spurred by the con