Indonesia to invest massively in volcano power


To the AFP : “Indonesia has launched an ambitious plan to tap the vast power of its volcanoes and become a world leader in geothermal energy, while trimming greenhouse gas emissions.”

“The sprawling archipelago of 17,000 islands stretching from the Indian to the Pacific Oceans contains hundreds of volcanoes, estimated to hold around 40 percent of the world’s geothermal energy potential.

“The government’s aim to add 4,000 megawatts of geothermal capacity from the existing 1,189 megawatts by 2014 is truly challenging,” Indonesian Geothermal Association chief Surya Darma said.”

The AFP goes further :

An investment of 12 billion dollars (9 billion euros) is needed to add 4,000 MW capacity,” energy analyst Herman Darnel Ibrahim said, putting into context the recent announcement of 400 million dollars in financing from lenders including the World Bank and the Asian Development Bank (ADB).

(…) The archipelago of 234 million people is one of the fastest growing economies in the Group of 20 but currently only 65 percent of Indonesians have access to electricity.

The goal is to reach 90 percent of the population by the end of the decade, through a two-stage plan to “fast-track” the provision of an extra 10,000 MW by 2012, mostly through coal, and another 10,000 MW from clean sources like volcanoes by 2014.

President Susilo Bambang Yudhoyono’s pledge to slash greenhouse gas emissions by 26 percent against 2005 levels by 2020 has also spurred the push to geothermal.

For more, please check out Business week and Enerzine [Fr].

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