Tata Power, India’s largest integrated power utility and leading renewable energy player today announced the successful missioning of 1 MW Geothermal pilot plant in Australia. Geodynamics Ltd., in which Tata Power is a associate participant.
Geodynamics is the industry leader in EGS. Geodynamics has geothermal exploration interests in 3 Australian states including the license for exploring 2000 sq. km of area in the Cooper Basin. Geodynamics tenements in the Cooper Basin contain the hottest granites on earth and are estimated to provide a thermal resource equivalent of 50 billion barrels of oil.
Tata Power intends to have a 20 – 25% contribution from “clean power sources” which will include a mix of Hydro, Solar, Wind, Geothermal and Waste Gas generation. Geothermal energy has been a key focus area for the pany outside India. Tata Power is the only Indian player in geothermal energy and is also implementing a 250 MW geothermal project in Indonesia in partnership with Origin energy and PT Supraco. The Company invested in geothermal energy – both conventional and enhanced geothermal system (EGS) in Geodynamics, an Australian-based geothermal energy pany in 2008.