Though it is still in its nascent in India, geothermal energy (green power generated from heat trapped in the earth’s crusts) may soon begin to be generated in Uttar Pradesh.
A foreign company has already signed a letter of intent with the state government to invest Rs 820 crore in the new technology ahead of the Global Investors’ Summit (GIS) here.
According to officials dealing with the issue, the Geothermal Core, a Texas (US) based company, was among the companies that had signed 269 letters of intent (LoI) to invest in the renewable energy sector in UP so far.
“The Geothermal Core has signed LoI for investing ₹820 crore to produce geothermal energy in the state,” UPNEDA secretary, Neelam said.
