Tata Power with Geodynamics commissioned a 1 MW geothermal plant in Australia, thereby strengthening the footprint in overseas market. Tata Power already has a minority stake in Geodynamics, which is an Australia-based leading player in Enhanced Geothermal System (EGS) technology.
Tata Power has an objective of 20-25 percent generation portfolio from clean energy. Geodynamics, in the meanwhile, already has its geothermal exploration interests in three Australian states. It also includes the license for exploration of 2000 square kilometres of the area in Cooper Basin.
The housing of Geodynamics in the Cooper Basin contains the hottest granites on earth. It is estimated that this housing of Geodynamics in the Cooper Basin can facilitate the thermal resource equivalent of 50 billion barrels of oil.
Apart from a geothermal plant in Australia, Tata power is also implementing the 250 MW geothermal project in Indonesia. This will be in partnership with the Origin energy and PT Supraco.
The geothermal energy is a form of natural heat which is found in the Earth as well as in Enhanced Geothermal System (EGS) technology. The extraction of heat takes place from within the granites which are found at a depth of over 4000 metres.