The Masdar initiative has started yet another type of renewable energy project, this time looking to harness geothermal energy in the Persian Gulf. "Utilities-me.com" reports - Masdar starts GCC's first geothermal project.
Masdar City has outlined plans to establish the Gulf’s first geothermal energy project to generate electricity and fuel the landmark project’s cooling system, according to a local newspaper.

The National daily says that Masdar-contracted engineers have set a start date of November 1 to begin drilling two four-kilometre wells. Water circulated through the wells will be heated into steam, which will turn generators and directly power air conditioning systems....

The total cost of the scheme has been estimated at US $11 billion, and Masdar has already handed out a $1.6 million drilling contract to Iceland’s Reykjavik Geothermal. Another five or six contractors are projected to be hired before the end of the year.