The Japanese government supports private companies to promote the development of geothermal power plants and aims to commercialize geothermal power plants by 2030.
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| A hot spring tourist destination in Japan. (Source: Kyodo) |
The Japanese government will begin supporting private companies to step up development of geothermal power plants, tapping the world's third-largest geothermal resources, sources said.
Specifically, the government will aim to commercialize geothermal power plants by 2030 by establishing a public-private sector committee to identify issues such as how to use next-generation geothermal technology and shorten the time it takes to develop plants.
The government will also increase subsidies for geological surveys because mining operations cost about 1 billion yen ($6.5 million) but have a low success rate.
Until there is confirmation of steam release after drilling, the government-backed Japan Energy and Metals Security Organization will cover all costs to minimize risks for companies.
These measures will be reflected in the Government's draft Basic Energy Plan later this year.
Japanese Prime Minister Shigeru Ishiba is keen to promote the development of geothermal power plants because he sees them as beneficial to the local economy and many geothermal resources are located in rural areas.
Developing such plants remains challenging due to difficulties in coordinating with hot spring management units.
A conventional geothermal power plant generates electricity by harnessing steam heated by high-temperature magma deep underground through pipes to spin electric turbines. With new generation technology, hot water is collected from greater depths so it does not conflict with hot spring sources.
Japan's current geothermal power output is around 600,000 kilowatts, and the Japanese government aims to increase output to 1.5 million kilowatts by fiscal 2030.
Source: https://baoquocte.vn/nhat-ban-dat-muc-tieu-khai-thac-15-trieu-kilowatt-nang-luong-dia-nhet-vao-nam-2030-293253.html
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