News

China working on 5-year plan for geothermal development until 2020

Forbidden City, Beijing, China (source: flickr/ David Stanley, creative commons)
Francisco Rojas 21 Jan 2015

China wants to expand their barely touched geothermal power and The National Energy Administration and the Ministry of Land and Resources are currently working on a 5-year plan for geothermal development

China has been making the news a lot lately regarding geothermal development and at the moment, “The National Energy Administration and the Ministry of Land and Resources are currently reviewing the geothermal development plans from dozens of local governments.” according to Bloomberg. The idea is to create a 5-year plan for geothermal development and give it a significant boost.

Despite having a lot of geothermal potential, the actual installed capacity in the country is minimal. This is however poised to change since renewable energy and cleaner forms of power generation are gathering strength.

This new effort is mainly focused on displacing coal and by 2020 having geothermal energy “replace 50 million metric tons of coal a year and account for about 1.3 percent of China’s energy mix”

To read the full article, please follow this link.

Source: Bloomberg