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

Recent Posts

Top-10 Beautiful Cities in the World 2024

As travelers seek inspiration for their next adventure, the world offers a plethora of stunning…

10 hours ago

Top-10 Tourist Places in Himachal Pradesh

Himachal Pradesh, nestled in the lap of the majestic Himalayas, is a paradise for nature…

12 hours ago

DRDO’s Supersonic Missile-Assisted Torpedo Delivery System Achieves Success

The Defence Research and Development Organisation (DRDO) has achieved a significant milestone in enhancing India's…

12 hours ago

Zimbabwe Introduces New Currency Amid Skepticism

Zimbabwe has launched a new currency called the ZiG (short for Zimbabwe Gold) in an…

12 hours ago

Uttarakhand Suspends Licences of 14 Patanjali Ayurved Products

The Uttarakhand government has suspended the manufacturing licenses of 14 products from Patanjali Ayurved, founded…

12 hours ago

RBI Cancels Acemoney (India) NBFC License for Irregular Lending Practices

The Reserve Bank of India (RBI) has revoked the license of Acemoney (India) Limited, a…

13 hours ago