Indonesia plans $10 billion geothermal expansion Ormat technologies have signed a $254 million deal to provide geothermal energy in Indonesia.Green Prophet reports that Indonesia has an estimated 40 percent of the world’s exploitable geothermal energy, the equivalent of 12 billion barrels of oil.
According to a press release Ormat will begin operating in 2016 with the construction of geothermal power plant in Sumatra.
The project is the biggest of its kind in the world and could potentially generate 28 billion watts of geothermal energy.