India''s first Geothermal power plant to come up in AP
PTI | 10:08 PM,Aug 31,2010Mumbai, Aug 31 (PTI) 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 today. 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, Chandrasekharam said. 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.
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