The Taipei City, in Taiwan, in May 2015 started a joint venture with the Office of Energy and the Institute of Industrial Technology Research to develop a geothermal power plant.
An academic study urged the government to consider the exploitation of geothermal energy sources near Taipei. Also the entrepreneurs urged local and central governments to eliminate administrative obstacles to investments.
The initial estimates after the first months of drilling placed the site’s power generation potential at 5,5 megawatts electrics, the annual power consumption of the Jinshan city.
The new Taipei mayor said that with the central government full support, the city government would seek to hasten the transition of power generation from nuclear to “renewable” energy sources and start looking for bidders for build operate transfer projects.
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