India’s Chhattisgarh plant; Singapore firm invests in geothermal

India’s first geothermal plant is underway at Chhattisgarh. A Singapore-based firm invests in the Philippines’ EDC.

India: Chhattisgarh Geothermal Plant Coming Soon
Singapore: Firm Invests in Filipino Geothermal Company

India: Chhattisgarh Geothermal Plant Coming Soon
The first geothermal power project for India could be a project underway at Tatapani, Chhattisgarh. The Central government’s National Thermal Power Corporation (NTPC) entered agreements on the project on February 16. Additionally, the state’s Renewable Energy Development Agency (CREDA) and NTPC are working jointly towards the implementation of the project. Greencleanguide.com

Singapore: Firm Invests in Filipino Geothermal Company
The Singapore firm GIC Private Limited (GIC), which is fully owned by the Singaporean government, has acquired more than 5% of Energy Development Corp. (EDC) in the Philippines. EDC is the largest producer of geothermal energy in the Philippines, with 12 geothermal power facilities currently operating. “The securities were acquired for purpose of investment. GIC has no plans or proposal to take control of the registrant,” disclosure documents stated. Bworldonline.com

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