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India in pact with Iceland on tapping geothermal energy

Panchabuta had mentioned a couple of weeks back about Thermax’s partnership with  Iceland firm Reykjavik Geothermal for 3MW project in Ladakh.

According to this report, Union Minister for New and Renewable Energy Farooq Abdullah has said that India has signed an agreement with Iceland to tap geothermal energy in the country.”We are going deep under the earth”s surface to tap geothermal energy. The potential of it has been identified in Ladakh region, Gujarat and Chattisgarh”, Abdullah said, without giving further details about the agreement.

As Panchabuta readers are aware, Tata Power also has a presence in the geothermal energy space through its equity stake in Australia’s Geodynamics. It has an agreement with the Gujarat state government to explore geothermal potential.

Further, Tata Power leads a consortium comprising of Tata Power (47.50%), Origin Energy Limited (47.50%) and PT Supraco Indonesia (5%) that has successfully won the bid for the Sorik Marapi geothermal project in Northern Sumatra, Indonesia. The Sorik Marapi project is estimated to support the development of approximately 240 MW of geothermal generation capacity.

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