Iceland offers Gujarat Companies tie-ups in the field of Geo-Thermal Energy

I read this in Hindu-Business Line: Mr. Gudmundur Eriksson, Ambassador of Iceland in India was at a meeting of Assocham-Associated Chambers of Commerce and Industry of India regional office in Ahmedabad, and offered technological tie-up in the field of producing geo-Thermal energy. Iceland is among one of the world's (and probably the highest) leading producers and users of Geo-Thermal energy. This is a form of renewable energy, like water, solar and wind, and is produced by using the heat trapped inside the earth. As per Mr. Eriksson, producing Geo-Thermal energy incurs 1/3 rd of the cost of equivalent Solar energy and Iceland already has technological tie-ups with Abu Dhabi, Kenya and Sudan. I believe that if this tie up happens, it will be a great news not only for Gujrat but for India as a whole. There would be a boost for Energy generation as well as potential money spinner in the future, when India could as well export the acquired knowledge of generating Geo-Thermal energy. However, a lot depends on whether and how many tie-ups take place actually.