India Tackles Geothermal Power
April 1, 2008 – 8:03 pmNew Delhi-based power company NTPC signed a memorandum of understanding to work with the government-backed National Geophysical Research Institute to identify potential sites for geothermal power projects in the country. National Thermal Power Corp. (NTPC), a state-controlled entity is India’s largest power company.
The city of Tattapani in the state of Chattisgarh has been selected as the first project site. India, a relative newcomer in the renewable energy market, has not establish any geothermal power. In February, Reykjavik, Iceland-based Glitnir Bank announced a joint venture for geothermal exploration in India Glitnir will partner with Noida, a part of India-based LNJ Bhilwara Group.
India’s National Geophysical Research Institute, established in 1961 in Hyderabad, has a scientific staff of about 200. The institute’s work includes the exploration of hydrocarbon and coal, mineral exploration and engineering geophysics, and exploration, assessment and management of groundwater resources.
NTPC said it has an installed capacity of 29,144 megawatts through 26 power stations, covering nearly 20 percent of India’s installed capacity and contributing 29 percent of the country’s power generation. The company expects to have more than 75,000 MW of capacity by the year 2017.
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