They discussed their mutual interest in promoting renewable energy and in cooperating in the area of geothermal energy, where Icelandic and Indian companies are exploring the possibilities of setting up joint ventures to harness geothermal energy in India.
Sveinsson said he hoped Iceland will have major part in helping India tap its potential in this sector.
The minister was carrying with him two project proposals for India’s consideration. “Icelandic firms are prepared to drill at their cost at two sites in India to demonstrate the potential for the technology,” he said.
The two sites identified are at Puga in Ladakh region for a 5 MW plant and a 10 MW plant at Tattapani, Chattisgarh.
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