Tasmanian-based geothermal aspirant Kuth Energy plans to push ahead with a $100 million project to build an 8MWe geothermal plant in Vanuatu after the World Bank endorsed the project.
A World Bank report presented to the Vanuatu government said that geothermal represented the least-cost replacement for its current source of energy, diesel, and was cheaper than wind or solar PV. It recommended that priority be given to Kuth’s Takara project above other generation technologies.
