Tata Power is India’s largest private power utility. Tata Power as an experienced project developer has identified the key challenges and opportunities in the RE space in project execution. The company said that it would focus on the top three renewable technologies of solar, geothermal and wind as far as it is concerned in India.
The company has also bet big on geothermal energy and has an equity stake in Australia’s Geodynamics. It also has an agreement with the Gujarat state government to explore geothermal potential.
Tata Power led consortium comprising of Tata Power (47.50%), Origin Energy Limited (47.50%) and PT Supraco Indonesia (5%) successful 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.
Tata Power has also won the Satpura CBM block with our consortium partner Arrow Energy.
As readers of Panchabuta are aware, Thermax entered into a 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.
According to this report, Gujarat has been identified as one of the states with potential for setting up geothermal power plants and the state of Gujarat was drafting a policy to promote geothermal energy in December last year.
According to recent reports, India may have a geothermal energy policy by March.
The Ministry of New and Renewable Energy is consulting with state officials to draft a national policy that will include how development blocks may be awarded, according to Ramesh Narayan Sawant, a director at the ministry’s geothermal department, told Bloomberg.
“We must consult with each of the states and hopefully that is done by the end of this month so the policy framework can be drafted by the end of March,” Sawant said in a telephone interview this week from New Delhi to Bloomberg.