Japanese firms cooperate with own government on technology exports
Japanese firms cooperate with the Japanese government on exporting geothermal technology, with a focus on the growth opportunities in the Indonesian geothermal market.
Reported today by Bloomberg, Japanese firms “Sumitomo Corp, JGC Corp, Electric Power Development Co. and other companies are cooperating with the government to sell geothermal power technology overseas.”
The article says that the secretariat, as part of the international cooperation division at the Energy Conservation Center, represents a group of twenty companies including Itochu Corp, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp. They are representing a working group to promote Japanese technology.
As reported here earlier, Japan is looking closely at Indonesia, as this country has big plans for extensive geothermal energy growth. Both countries agreed earlier this year on a cooperation for geothermal development.
Bloomberg mentions the fact that with a cost of $3-4million per MW installed capacity, the market in Indonesia could be worth as much as US$38billion.