New Delhi, June 20: Strengthening its overseas footprint, Tata Power along with Geodynamics has commissioned a 1 MW geothermal plant in Australia.
Tata Power has a minority stake in Australia-based Geodynamics, a leading player in Enhanced Geothermal System (EGS) technology.
In a statement, Tata Power said it has successfully commissioned 1 MW geothermal pilot plant in Australia.
“The commissioning of the 1 MW geothermal pilot plant is a significant milestone for the project and with this we plan to strengthen our footprint in the international markets,” Tata Power Managing Director Anil Sardana said.
He noted that the company aims to have 20-25 per cent of generation portfolio from clean energy.
Geodynamics has geothermal exploration interests in three Australian states including the license for exploring 2,000 square kilometre of area in the Cooper Basin.
According to the statement, Geodynamics' tenements in the Cooper Basin contain the hottest granites on earth and are estimated to provide a thermal resource equivalent of 50 billion barrels of oil.
Besides Australia, Tata Power is implementing a 250 MW geothermal project in Indonesia in partnership with Origin energy and PT Supraco.
Geothermal energy is the natural heat found within the earth and in EGS technology, heat is extracted from granites located at a depth of a more than 4,000 metres.
“EGS technology can potentially enable the setting up of base load power plants that are based on naturally heat and thereby making them a clean energy source for the future,” the statement said.