India:

Iceland Assures Help on Ladakh Geothermal Project (4 Traders - News Release)

Pugah Valley (Courtesy indiatravelblog)

The MP of the Ladakh region in the in the state of Jammu and Kashmir in northern India, has urged Iceland to invest in geothermal projects in the cold Himalayan desert.

In a meeting with Ambassador of Iceland Thorir Ibsen in New Delhi, Ladakh MP Thupstan Chhewang highlighted the region's geothermal potential and particularly the 5 MW Puga geothermal generation project.

The MP said Ibsen has given the green signal for his country's support for further action on the project. According to the MP, Iceland assured that Puga is unequivocally the most promising geothermal resource in India and it has the no- risk geothermal prospect.

" The meeting was summed up with a decision to organize a meeting between the Union power minister and the minister for new and renewable energy and President of Iceland Ólafur Ragnar Grímsson during his visit to India in February, 2015," he said.

In 2010, an agreement was signed between Thermax Ltd, Pune, and Iceland- based Reykjavik Geothermal ( RG) and subsequently, the Thermax- RG consortium had carried out preliminary studies in the Puga geothermal area of Leh in 2011.

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