Thermax, Geosyndicate May Bid for North India Geothermal Plant
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Thermax Ltd., a maker of electricity generation equipment, and Geosyndicate Power Pvt. may bid separately to build a five-megawatt geothermal project in north India, a government official said.
The two companies attended a meeting of potential investors in the city of Jammu last week, Farooq Ahangar, assistant general manager at Jammu & Kashmir State Power Development Corp., the government-run agency overseeing the auction, said by telephone today. Bids are due by March 20 and the deadline may be extended to the first week of April because the companies have sought more time, he said.