INVC,
Delhi,
Maharatna ONGC has registered the OTPC Power Project of its ONGC Tripura Power Corporation Limited (OTPC) as a Clean Development Mechanism (CDM) project with the United Nations Framework Convention on Climate Change (UNFCCC), under the Kyoto Protocol. This 726.6 MW gas-based power generation unit of ONGC in Tripura is a fuel-substitution project, which would mitigate over 1.6 million tons of Carbon-dioxide emissions per year for the next 10 years. Fetching 1.6 million carbon credits per year, this is one of the biggest CDM projects in the world.![ONGC's OTPC Power Plant in Tripura ,Maharatna ONGC,ONGC Tripura Power Corporation Limited,OTPC, United Nations Framework Convention on Climate Change ,UNFCCC,](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20300%20169'%3E%3C/svg%3E)
Maharatna ONGC has registered the OTPC Power Project of its ONGC Tripura Power Corporation Limited (OTPC) as a Clean Development Mechanism (CDM) project with the United Nations Framework Convention on Climate Change (UNFCCC), under the Kyoto Protocol. This 726.6 MW gas-based power generation unit of ONGC in Tripura is a fuel-substitution project, which would mitigate over 1.6 million tons of Carbon-dioxide emissions per year for the next 10 years. Fetching 1.6 million carbon credits per year, this is one of the biggest CDM projects in the world.
![ONGC's OTPC Power Plant in Tripura ,Maharatna ONGC,ONGC Tripura Power Corporation Limited,OTPC, United Nations Framework Convention on Climate Change ,UNFCCC,](http://www.internationalnewsandviews.com/wp-content/uploads/2013/05/ONGCs-OTPC-Power-Plant-in-Tripura-Maharatna-ONGCONGC-Tripura-Power-Corporation-LimitedOTPC-United-Nations-Framework-Convention-on-Climate-Change-UNFCCC-300x169.jpg)
With this registration, ONGC now has 10 registered CDM projects. Such a double digit portfolio of CDM projects by a single organization is the first in India and very rare feat even globally.
OTPC is being developed by ONGC as a joint venture with the Tripura government. This project is a result of rigorous efforts over the last three and a half years.
Speaking after the registration, a visibly proud ONGC CMD Mr. Sudhir Vasudeva said, “Our Sustainable Development record is commendable. Our commitment to Sustainable Development is organically integrated to our Exploration and Development of energy assets”.