Talasea LLG President Victor Narere said the Mineral Resource Authority from Papua New Guinea had made it known that the final testing would be at the end of this year or early next year depending on the results.
China is trying to cut down on emissions to increase air quality and also keep up with the increase in electricity demand. Sinopec is betting significant resources on the expansion of geothermal in mainland China.
The Davao City Council is keen on setting up more power plants in the city after it approved on second reading on Tuesday a resolution endorsing the request of Aboitiz Power Corp. to conduct exploratory activities for geothermal resources.
The Republic will see the installation of 30 hectares of new greenhouses for vegetables heated by geothermal power. Dagestan has also signed a number of agreements to attract investors from Azerbaijan, Spain, Iran, and Israel for the construction of greenhouses.
Emerging Power, Inc. (EPI) has attracted further investments by Mekong Brahmaputra CDF and Netherlands Development Finance Company (FMO) in its $185-million geothermal power project in Oriental Mindoro.
The Director of Medco Group, Arifin Panigoro said recently in local news that the potential for geothermal energy in Indonesia is estimated to be around 29,000 MW and could overcome the looming energy crisis Indonesia.
The proponents of the geothermal projects are the Energy Development Corporation (EDC) and AP Renewables Inc. (Apri). Of the two proponents, EDC has five projects and Apri has two. Most are in the pre-development stage.