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.
Thermax has 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.
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.”
According to reports, Jammu and Kashmir Chief Minister Omar Abdullah and visiting Iceland Foreign Minister Ossor Skakrphedinsson today discussed a number of issues, including harnessing of thermal energy, tourism and climate change.
Skakrphedinsson, on a two-day visit to the state along with Iceland Ambassador to India Erickson, held discussions on various matters pertaining to the harnessing of thermal energy, tourism, climate change and other developmental sectors in an hour-long meeting, an official spokesman said.
Omar apprised the foreign dignitaries about the rich hydro electric, thermal and other non-conventional energy potential of the state.
They showed keen interest in the new initiatives taken by the state”s coalition government for generation of hydro electric energy and harnessing new and renewable energy resources, he said.