Indian NTPC, Chhattisgarh state in talks on geothermal study - report
Nov 7, 2012 - Indian state-run energy group NTPC Ltd (BOM:532555) is in advanced negotiations with Chhattisgarh state's government to conduct a study on the geothermal reserves in the state, Press Trust of India (PTI) reported yesterday.
The government may sign a pact with NTPC or form a joint venture for a geothermal study, PTI said citing a state government official.
NTPC's chairman and managing director Arup Roy Choudhury has confirmed the negotiations talking to the Indian news agency.
India's Ministry of New and Renewable Energy (MNRE) has started an initiative to evaluate the geothermal potential in the country. The states of Chhattisgarh, Arunachal Pradesh, Himachal Pradesh and the Andamans are seen as potential areas with geothermal resources. Indian firm GeoSyndicate Power will set up the first geothermal power plant in India with initial capacity of 25 MW in Andhra Pradesh, according to PTI.