Categories: Agreements

ONGC to establish India’s first geothermal field development project in Ladakh

India’s first-ever geothermal power project will be implemented by state-owned Oil and Natural Gas Corporation (ONGC) at Puga village of eastern Ladakh. The project, known as Geothermal Field Development Project, will be implemented in three phases and is planned to commission by the end of 2022.

A tripartite agreement for this historic geothermal project was signed between Union Territory Administration Ladakh, Ladakh Autonomous Hill Development Council (LAHDC)-Leh and Oil and Natural Gas Corporation (ONGC) Energy Centre on February 08, 2021.

WARRIOR 5.0 Batch for SBI, RRB, RBI and IBPS Exams Banking Awareness Online Coaching | Bilingual

The list of benefits of the projects are

  • Energy from the project will be used for giving round-the-clock power supplies to neighbouring villages
  • Hot Water from the springs will be used for space-heating
  • Constructing hot swimming pools to attract tourists
  • The development of geothermal potential will be useful during winter months, as Ladakh’s hydropower stations are shut or work at lower efficiencies due to low flow rates.

Geothermal Energy:

  • Geothermal Energy is Renewable as it generates power from the heat emerging out of Earth’s interior.
  • Unlike Solar and Wind energy, it is available 24 hours a day & 365 days a year.
  • It also emits 80% fewer greenhouse gases compared to coal and oil.

Important takeaways for all competitive exams:

  • ONGC Energy CentreChairman & Managing Director: Shashi Shanker.
  • ONGC Energy Centre Headquarters: New Delhi.
  • Lieutenant Governor of Ladakh: Radha Krishna Mathur.

Find More News Related to Agreements

 

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Which Fruit is known as the King of Tropical Fruits?

Tropical fruits are famous for their unique flavors, vibrant colors, and health benefits. Some fruits…

6 hours ago

India Becomes First Country to Commercially Produce Bio-Bitumen

India has achieved a historic global milestone by becoming the first country in the world…

6 hours ago

Which River is known as the Silver River?

Rivers are often given special names because of their beauty, color, or importance in human…

7 hours ago

Who was the First Male Pilot in India? Know the Name

India has a proud history in the world of aviation. Many brave men and women…

9 months ago

Which Indian State has the Most Waqf Land?

Waqf properties in India are lands or buildings, donated by individuals for religious, educational or…

7 hours ago

Which Country is Known as the Startup Nation?

Some countries around the world are known for their special talents. Some are famous for…

7 hours ago