Geothermal Power Generation

Geothermal energy is emerging as one of the most reliable sources of renewable energy and gaining relevance over conventional and non-renewable sources of energy because of its constant availability and sustainable nature. Furthermore, the deployment of geothermal energy helps reduce a country’s dependence on fossil fuels. Besides being a clean and renewable energy source with a low levelized cost of electricity, geothermal reservoirs have huge potential for power generation and may become the pillar of local grid systems, meeting the baseload demand. However, the active contribution from policy makers is necessary to design and develop economic and financial instruments and a favourable regulatory framework to decrease the risk of investment and the capital cost for private investors.