Mumbai: India`s fist Geothermal power plant
with an initial capacity of 25 Megawatts will be coming up in
Andhra Pradesh`s Khammam district by 2012, an official said
India`s first Geothermal Power Purchase Agreement (PPA)
between GeoSyndicate Power Pvt Ltd (an incubated company of
Indian Institute of Technology, Bombay) and Northern Power
Distribution Company of AP Ltd (APNPDC) was signed recently in
this connection, Dr D Chandrasekharam, Founder and Chairman of
Geosyndicate told PTI here today.
The signing of the agreement was done under the aegis of
the Non-conventional Energy Development Corporation of Andhra
Pradesh Limited (NEDCAP), he said.
Andhra Pradesh is the first state in the country to have
executed this PPA with India`s one and only Indian geothermal
company with eminent scientists and technocrats on its board,
Global warming and climate change is and will continue to
be one of the key challenges the world has to face in the
coming decades and "Geothermal energy could play a vital role
in mitigating these challenges by reducing dependence on
fossil fuels and provide clean energy," he said.
GeoSyndicate looks forward to play a significant role in
reducing the country`s carbon foot print by setting up the
Geothermal plant, he added.