Raser Technologies has been awarded the Indonesia Power grand funding by the US Trade and Development Agency. The amount involved is USD 934,308, and will be used to perform a feasibility study of the Tangkuban Perahu geothermal concession.

Raser Technologies was selected as the only competitor for the award, to perform the study, and assess the techno-economic and financial feasibility of this geothermal resource. Further impact of this award is a chance for other US companies to enjoy the benefits of being able to tap the Indonesian market. The grant will cover the expenses of about 70% of the total cost of the study. The remaining cost will be covered by Raser Technologies. The study is to being in May 2010, and completion is expected sometime during 2011.

Indonesia is betting big on geothermal energy to answer the growing energy demand in the country, as well pursuing a clean energy future. The country's located on top of one of the geothermal most active areas in the world. Estimated geothermal power capacity is at about 24 GW.

source: Raser Technologies]