INDONESIA OIL AND GAS DEMAND TO FALL THROUGH GEOTHERMAL EXPANSION
March 1st, 2010
BY KEITH NUTHALL
THE DEMAND for fossil fuels in Indonesia should fall with the approval of a US$400 million plan to boost renewable energy, especially from large scale geothermal plants. The Clean Technology Fund (CTF), run by international development banks, including the World Bank, will bankroll the programme. It also promised to raise US$2.7 billion for Indonesian green energy from other sources.
ENDS
THE DEMAND for fossil fuels in Indonesia should fall with the approval of a US$400 million plan to boost renewable energy, especially from large scale geothermal plants. The Clean Technology Fund (CTF), run by international development banks, including the World Bank, will bankroll the programme. It also promised to raise US$2.7 billion for Indonesian green energy from other sources.
ENDS
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