Agartala: The 724 MW gas-based thermal power project at Palatana in South Tripura district, set up by ONGC-Tripura Power Corporation (OTPC) would start generation by June.

 Chairman-cum-Managing Director of ONGC, Sudhir Basudeva who reviewd the progress of work at the project with OTPC officials yesterday, told reporters today that the first phase of the project would be operational by June.

ONGC has also decided to set up a Rs 5000 crore urea fertilizer manufacturing unit at Khobal in North Tripura district and six big investors have expressed their interest in investing in the project, he said.

The site for the urea manufacturing project has been selected at Khobal considering its close proximity to the Khobal gas field from where the natural gas (hydro carbon) would be supplied.

ONGC last year discovered huge gas reserve at Khobal, near the Assam-Agartala National Highway (NH-44).

With the commissioning of the project demands for urea from not only Tripura but the entire north east region would also be met.

Besides, a large chunk of the fertiliser manufactured could be imported to neighbouring Bangladesh, he added.