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Asian banks will finance the construction of the world's largest geothermal power plant in Indonesia
A number of large banks, including the Asian Development Bank, Japan Bank for International Cooperation, with the assistance of the Bank of Tokyo-Mitsubishi UFJ Ltd, ING Bank NV, Societe Generale, Sumitomo Mitsui Banking Corportation, Mizuho Bank Ltd and National Australia Bank will finance the construction of the world's largest geothermal power plant in Indonesia.
According to RIA Novosti, the capacity of the facility will be 330 MW. The total investment is estimated at 1,6 billion.
Experts believe that Indonesia has the highest potential in the world for the use of geothermal energy for the production of electricity - about 29 GW (40% of the world's heat reserves of the earth, suitable for energy development).