Thermax an energy and environment solution provider based out of Pune, India has been making a lot of acquisitions (read here and here) to add to their boiler offering and the ability to accept various feed stocks that would improve the fuel flexibility for biomass plants in India.
Now, according to this report, Thermax is set to partner Icelandic firm Reykjavík Geothermal to set up a geothermal power project in India. The report says, the pilot 3 MW project is slated to be set up in Puga Valley in Ladakh and is likely to be the first such project in the country, according to industry sources. Reykjavik Geothermal will help in drilling and exploration activities for the project.
Tata Power also has a presence in the geothermal energy space through its equity stake in Australia’s Geodynamics. It also has an agreement with the Gujarat state government to explore geothermal potential.