Oil and Natural Gas Corporation (ONGC) has signed a memorandum of understanding (MoU) with Union Territory of Ladakh and Ladakh Autonomous Hill Development Council, Leh to develop India’s first geothermal field development project.
The project has been planned to be executed in three phases. First phase will include exploratory-cum-production drilling of wells along with setting up a pilot project. Phase-II will involve deeper and lateral exploration and phase -III will include commercial development of geothermal plant. The total project cost will be estimated after exploration activities are completed.