(ecogeneration)
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| John Libby, Managing Director of New World Energy Limited. |
What are the long-and-short term goals of New World Energy?
New World Energy aims to build a mid-tier geothermal energy company with initial focus on building its Asia-Pacific portfolio, while still maintaining momentum on its Western Australian assets.
New World’s immediate goal is to acquire a portfolio of projects in the Asia-Pacific region, which it believes is emerging as the best geothermal market in the world, particularly following the Fukushima nuclear incident in Japan. This disaster reverberated throughout the region, and now most countries are looking at alternatives to nuclear. Geothermal is the only technology option that is both clean and base load.
