The Government of Uttarakhand has signed an agreement with Icelandic company Varkis Consulting Engineers to explore and develop geothermal energy in the state.
The MoU was signed virtually in the presence of Uttarakhand's Chief Minister, Pushkar Singh Dhami, and Iceland's Ambassador, Dr. Benedict Hoskulsson, according to a statement from the CM's office on Friday.
In his virtual address, CM Dhami called the MoU a major step toward energy security and sustainable development for both Uttarakhand and India. He explained that this project will help achieve the goal of clean, renewable energy and support inclusive development, while ensuring environmental protection.
He also mentioned that Iceland is a global leader in geothermal energy, and with their expertise, Uttarakhand will become a key player in this field.
The CM noted that three important ministries of the Government of India—the Ministry of Environment, Forest and Climate Change, the Ministry of New and Renewable Energy, and the Ministry of External Affairs—have given their approval for the project.
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The cost of studying the feasibility of geothermal energy in Uttarakhand will be covered by the Government of Iceland.
The Geological Survey of India and the Wadia Institute of Himalayan Geology, based in Dehradun, have identified around 40 sites in Uttarakhand where geothermal energy can be developed.
Varkis Consulting Engineers, a leading company in Iceland with global expertise in geothermal energy, will use their experience to quickly and efficiently help develop geothermal projects in Uttarakhand.
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