India’s geothermal provinces are well known for high geothermal gradients and temperatures. The country’s geothermal potential is currently estimated at more than 10,000 megawatts.

Panax is targeting projects in the Himalayan geothermal province which has an extreme high-heat zone and is abundant in geothermal resources. Panax has focused its attention on the Puga Valley which is considered one of the most promising geothermal regions in the country.

Panax has strategically entered into India’s geothermal industry by partnering with locally-owned companies to explore and develop geothermal projects with commercially attractive tariffs.