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