The plant, to be built in a national park in Fukushima Prefecture, would have an estimated capacity of 270,000 kw, or about half of all geothermal power capacity nationwide.
The Ministry of Economy, Trade and Industry intends to subsidize the study, the officials said. The companies involved plan to examine an area of around 80 sq. km around Mount Bandai, a stratovolcano in Fukushima, in a year. Test drilling, environmental impact assessments and construction are expected to take 10 years.
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