It was a big day for me as Glitnir signed a Memorandum of Understanding with LNJ Bhilwara Group in India yesterday. I signed the agreement for Glitnir in the presence of HE P Chidambaram, Finance Minister of India and HE Arni Mathieson, Finance Minister of Iceland.

We have agreed to jointly explore Geothermal sources in India to develop a pilot project to do district heating or develop a plant with 1MW to 5MW capacity. If we are successful, this will be the first Geothermal power plant in India.
The news has been covered in all major sources… here are some links