Wednesday, April 6, 2016

India: Icelandic Firms Offer to Drill at Two Geothermal Sites for Free

India-Iceland Joint Statement during the visit of Foreign Minister of Iceland to India ( Ministry of External Affairs, Government of India)

During the visit, Foreign Minister Sveinsson had a meeting with Shri Piyush Goyal, Minister of State (Independent charge) for Power, Coal and New & Renewable Energy.

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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