Glitnir Brings Geothermal Energy to India

By Narsi Santhanam • May 8th, 2009 • Category: Uncategorized

Investment bank Glitnir is joining forces with Indian energy company The LNJ Bhilwara Group. The two have signed an agreement to develop and build geothermal energy power stations in India and Nepal.

Source: Cleantech

One another interesting point I came across in this article – “a typical geothermal plant costs about $3 million to $5 million per megawatt, and with plans for 30 to 50 megawatt facilities, he said the bank expects the pricetag to be around $250 million for an initial plant.”

About the Author

Narasimhan (Narsi) has extensive experience in understanding renewable energy markets and strategic levers for success in these markets. His special focus has been his work on the Indian renewable energy industry. His work in the previous 15 years have spanned market and industry research, product management and international sales, and strategic consulting. see more http://www.eai.in/ref/team/ns.html

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