Guwahati, Oct 9 (IANS): India's Tripura will soon export power to neighbouring Myanmar, an official said on Friday.

ONGC Tripura Power Company Ltd managing director Satyajit Ganguly said that it is on the final stages of clinching a power purchase agreement (PPA) with the Myanmarese government. Following the agreement, the company will begin exporting its gas-based power to the neighbouring country from November this year.

Addressing the "NER Infrastructure Conclave 2015 - Tapping the True Potential of Northeast" organized by the PHD Chamber of Commerce and Industry here, he also said that the company has also discovered a couple of new gas blocks in Tripura for exploration in collaboration with other companies.

Ganguly, however, refused to divulge much about the new discoveries, saying the details will be shared at an appropriate time.

The ONGC Tripura Power Company Ltd generates about 726 MW of power at present.

Referring to the PPA with Myanmar, Ganguly said that the agreement relating to power export to Myanmar would happen for a minimum of 15 years and that the Central Electricity Regulatory Authority has also been involved and engaged in this exercise.

He said that the power generation is no longer a problem in India but the problem relates to its pricing and also on the front of distribution and transmission.