Iceland’s Foreign Minister Taps Geothermal Potential In Ladakh & Himachal

Iceland’s Foreign Minister, Bjarni Benediktsson, underscored on Monday the close collaboration between India and Iceland in harnessing geothermal energy in Ladakh and Himachal Pradesh.

In an interview with ANI, the Foreign Minister elaborated on the progress of their joint efforts, emphasizing the exploration of geothermal possibilities and the drilling of wells. He expressed hope that Icelandic experts currently cooperating with Indian counterparts would aid in establishing new power plants.

“This cooperation draws upon Iceland’s expertise in geothermal projects developed over recent decades. Our joint efforts focus on exploring geothermal potential and drilling wells. We trust that Icelandic experts collaborating with Indian partners will facilitate the establishment of new power plants, addressing the need for green energy in India and globally,” the Foreign Minister stated.

Geothermal energy, derived from the Earth’s sub-surface heat, can serve various purposes such as heating, cooling, and electricity generation, depending on its characteristics.
Last year, during the India-Nordic Baltic Conclave, External Affairs Minister S Jaishankar mentioned similar projects planned for Northeast India.

“India and Iceland are closely collaborating on leveraging geothermal energy in Ladakh and Himachal Pradesh. Similar initiatives are underway for Northeast India. Efforts are underway to establish a center for excellence in cold and warm water fisheries,” EAM Jaishankar remarked.

Regarding the prospect of direct air connectivity between the two nations, Benediktsson expressed optimism about its commencement, describing it as an exciting possibility.
“We are exploring the potential for direct flights between Iceland and India. Operators from Iceland have shown interest in this endeavor, and I am confident that the day will come when I will visit India via a direct flight,” the Minister stated.
He also hailed the recently signed Trade and Economic Participation Agreement (TEPA) as historic, anticipating significant opportunities for both countries once businesses begin leveraging the agreement.

“The TEPA is a historic milestone. It marks India’s first free trade agreement with Europe and connects the European Free Trade Association (EFTA) with one of the world’s fastest-growing economies. This agreement is expected to unlock vast opportunities for businesses on both sides,” Benediktsson remarked.
The Foreign Minister also reiterated Iceland’s support for India’s bid for a permanent seat on the United Nations Security Council (UNSC), affirming Iceland’s continued backing for India’s rightful place as one of the world’s largest democracies.