ONGC Completes Landmark Geothermal Wells in Ladakh for Clean Energy Development
Oil and Natural Gas Corporation Limited (ONGC) has reached a significant milestone in India's renewable energy landscape with the successful completion of two deep geothermal wells, GT#02 and GT#03, at the Puga Geothermal Project site. The project is being developed by the ONGC Energy Centre to establish India’s first demonstration-scale geothermal power project in the Union Territory of Ladakh.The completion of these wells marks a critical step toward providing clean, dependable, and round-the-clock energy for the region. This initiative is designed to enhance energy access in remote areas, minimize reliance on conventional fuels, and ensure reliable power availability during the severe winter conditions characteristic of Ladakh.
Beyond the generation of electricity, the geothermal project is expected to serve multiple socio-economic purposes. The heat generated from these sources can support space heating, greenhouse cultivation, year-round agriculture, food processing, and geotourism. These applications are intended to support sustainable livelihoods and align with the goal of making Ladakh a carbon-neutral region.
On a national scale, the project contributes to India's clean-energy portfolio and supports long-term energy security and Net Zero objectives. The development is a collaborative effort between the ONGC Energy Centre, the UT Administration of Ladakh, and LAHDC-Leh, following a five-year collaboration renewed in June 2026.
Project Impact and Collaboration
The project serves as a cornerstone for technological self-reliance in India's geothermal sector. The successful completion of these wells reaffirms a commitment to innovation and sustainable energy infrastructure.Key details regarding the project collaboration are outlined below:
| Entity | Role in Development |
|---|---|
| ONGC Energy Centre | Technical Execution and Development |
| UT Administration of Ladakh | Government Oversight and Support |
| LAHDC-Leh | Regional Collaboration |
| Project Duration | Five-Year Collaboration (Renewed June 2026) |
ONGC Stock Price Movement
Oil & Natural Gas Corporation Limited shares edged higher today to settle at ₹247.29, gaining 0.21%. The stock saw active participation with a volume of 6.21 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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