Overseas Geothermal Development Strategies -- As an Enterprise

Abstract

From the perspective of integral geothermal consultants, workable strategies are necessary to maintain or to improve not only the market size but also its stability. The strategies shall be addressed to create a sense of reliability among the developers and financiers by providing advice based on State-of-the-art technology as well as those based on in-depth knowledge of their market situation, which consequently leads them in the development of their geothermal resources within manageable risk level. Risk emerges in several forms during the course of development and all shall be duly addressed at due timing in order to avoid unnecessary prolonging of the lead time. Though the geothermal energy is a resource owned by the state, when it comes to the question on whether its development should be carried out by public or private entities, it always requires Public-Private synergies. Our experience shows that strategies directed to fortify the mutual understanding of each party and to identify particular barriers to help understanding the other party’s role will bring in successful and smooth development of the geothermal resources, and therefore solid and stable market environment for business.