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Tuesday, July 24, 2012

Hosono presses for larger budget for development of geothermal power


Environment Minister Goshi Hosono said Sunday that the state budget needs to be expanded to promote the development of geothermal power.

"We need to establish a research system to overcome the energy crisis and to provide a reasonable budget," Hosono said after inspecting a geothermal power plant in Fukushima Prefecture.

Japan's failure to sufficiently fund the geothermal power sector has created a shortage of researchers and technology that has not progressed since the 1970s, Hosono said.

Solar power plants

Japan Asia Group Ltd. said Monday it will build two large solar-cell-based power plants in Okayama and Kumamoto prefectures at a cost of about ¥1 billion.

The Tokyo-based company will use idle land lots belonging to a lumber firm based in Hiroshima Prefecture to build a plant with a 2,000-kilowatt capacity in Asakuchi, Okayama Prefecture, and a 1,000-kw plant in Kamiamakusa, Kumamoto Prefecture.

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The Japan Times

Article 4 of 7 in Business news

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