Further, its subsidiary Nippon Steel & Sumikin Engineering is mulling expanding business in Asian markets such as Indonesia, besides its home market.
The expansion is in response to the country offering subsidies for clean energy projects to encourage energy diversification following the nuclear crisis shut down reactors for safety checks.
Nippon geothermal power general manager Ryuichi Kageyama revealed that the company was planning to enter plant operation, maintenance services and power retailing.
Kageyama said that it doesn’t have a comparative figure for current geothermal sales claiming that the company had little development in Japan over the past several years.
Nippon Steel & Sumikin said the company has supplied steam production equipment and pipelines for nine of the 17 geothermal stations currently running in Japan, including the Hachijo island plant.
