Two groups to bid separately for Puga project in Kashmir, India
Bids for a geothermal project in Puga, Ladakh/ Kashmir in India are due later this month and it is expected that there will be two companies handing in bids, Thermax Ltd and Geosyndicate Power Pvt.
Reported by Bloomberg, there are two companies that might separately bid to build a small-scale 5 MW geothermal power plant project in Kashmir.
The companies are Thermax Ltd. (TMX) and Geosyndicate Power Pvt. Both attended a meeting with potential investors last week. The bids for the project are due March 20, 2012, but there might be an extension until the first week of April as both firms have sought for an extension to the deadline.
The project in Pugah valley in Kashmir, which belongs to India would be the first geothermal power plant in India. Geosyndicate estimates that India has a potential of up to 150,000 MW, which represents about 80 percent of India’s totall installed power generation capacity today.
Geosyndicate is also working on a 25 MW plant in Andhra Pradesh and a 60 MW project in Ladakh, as published on the company’s website.
Thermax has partnerd with Iceland geothermal company Reykjavik Geothermal to explore resources in the Ratnagiri region in western Maharashtra state.
Indina Tata Power is involved in geothermal internationally through investments in Australia and Indonesia with Australian Origin Energy.
Source: Bloomberg Businessweek