According to this article, India’s Gujarat state is drafting a policy to promote geothermal energy, the Economic Times reported, citing Chief Minister Narendra Modi. The Ministry of New & Renewable Energy has identified Gujarat as one of the states with potential for setting up geothermal power plants, according to the report.
As Panchabuta readers are aware, Thermax’s partnership with Iceland firm Reykjavik Geothermal for 3MW project in Ladakh. 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.
Earlier, 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.”
Panchabuta has earlier mentioned that, 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. The company has also bet big on geothermal energy and has an equity stake in Australia’s Geodynamics.