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Investment bank Glitnir is joining forces with Indian energy company The LNJ Bhilwara Group. The two have signed an agreement to develop and build geothermal energy power stations in India and Nepal.

Source: Cleantech

One another interesting point I came across in this article – “a typical geothermal plant costs about $3 million to $5 million per megawatt, and with plans for 30 to 50 megawatt facilities, he said the bank expects the pricetag to be around $250 million for an initial plant.”