Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) -- joint venture (JV) company -- ONGC Tripura Power Corporation (OTPC) has signed a memorandum of understanding (MoU) with Assam Power Distribution Company (APDCL) to develop battery energy storage system project of capacity up to 250 Megawatt (MW) / 500 megawatt-hour (MWh) in phased manner in Assam. An investment of Rs 2,000 crore will be made in the state for developing the project.

OTPC is a joint venture of Oil and Natural Gas Corporation (ONGC), gas utility GAIL (India), Government of Tripura and India Infrastructure Fund-II.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.