Eco Factor: Plans to build 4000MW geothermal power plants in Indonesia.
Indonesia has launched an ambitious plan to use the vast power of its volcanoes that spread from the Indian to the Pacific Oceans to generate about 4000MW of clean energy. The 17,000 islands contain hundreds of volcanoes that are estimated to hold about 40 percent of the world’s geothermal potential.
The country has set the goal to generate 4GW of power by 2014, which will almost quadruple the current capacity of 1189MW. The project will cost about $12 billion, for which the country is looking forward to the World Bank, private investors and developed countries like Japan and the US. This plan will also help the country reach its goal of cutting emissions by 26 percent by 2020.
