At the beginning of the World Geothermal Congress, taking place from April 25-30 in Bali, Indonesia, the country's president announced Indonesia has signed geothermal development contracts totalling USD 5 billion. The country has set a goal of developing about 9000 MW of geothermal capacity by 2025, as was also revealed at the event.

Indonesia has recently been granted a USD 400 million loan from the World Bank, for the purpose of investing in geothermal development. The country holds about 40% of the global geothermal capacity, according to some sources. It's geography puts it alongside one of the main crevaces between our planet's tectonic plates, where geothermal acitivity is abundant. It has been estimated that the country has about 27 GW of geothermal capacity that could be harnessed theoretically. At the moment, Indonesia is ranked as the third global geothermal energy consumer, after United States and the Philippines.

[via: UPI]