Geothermal energy is heating up in India with a new player entering the game. Geothermal Core of Texas, USA has signed a letter of intent to invest a whopping Rs 820 crore in producing geothermal energy in Uttar Pradesh.
This is big news as geothermal energy is still in its early stages of development in India, but has massive potential in areas like the Western Ghats and North-Eastern region. With its growing population and economy, India needs to find new and sustainable sources of energy to meet the increasing demand. One such source is geothermal energy, which is still in its early stages of development in India but holds significant potential.
Enteq Technologies plc (LON:NTQ) develops and supplies equipment for Measurement, Logging and Geo-steering while drilling of wells for the Geothermal, Oil and Gas markets.