facebook
twitter
rss
account
search
search
 

Indonesia gets geothermal boost

June 17, 2011 at 6:21 AM   |   Comments

TOKYO, June 17 (UPI) -- Japanese trading company Marubeni joined French and Indonesian partners in a venture to develop geothermal resources in the region.

"From this point, the consortium will develop the geothermal resources in the Rantau Dedap area, construct a power plant with a capacity of 220,000 kilowatts and execute a long-term power purchase agreement with the state-owned electricity company (Persero), with 2016 being the target date for commencing commercial operations," the Japanese company said in a statement.

The Indonesian government adopted a fast-track plan to develop as much as 10,000 megawatts of domestic electricity. Marubeni notes the country has the largest estimated geothermal resources in the world.

The International Energy Agency said in a report published this week that policy actions and better incentives could help increase the amount of geothermal energy in the global energy mix from around 0.25 percent currently to more than 3 percent by 2050.

The IEA recommends that governments introduce incentives that would encourage the commercial development of geothermal technologies and payments to third parties that introduce alternative energy to the current grid. Permits should be made easier as well, the IEA stressed.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
2
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
3
EBRD: Sanctions hurting Russia EBRD: Sanctions hurting Russia
4
Eni makes major oil find in Ecuador Eni makes major oil find in Ecuador
5
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
Trending News
Video
x
Feedback