Mitsubishi to invest in 600-MW wind project in Southern Laos

17/06/2021 15:49
Email Print 4520
KPL (KPL) Japan’s Mitsubishi Corp (TYO:8058) will invest in a 600-MW onshore wind farm project in Laos that will supply electricity to Vietnam, Renewables Now - an independent one-stop shop for business news and market intelligence for the global renewable energy industry - reported on Jun 16.

Image by Mitsubishi Corp (www.mitsubishicorp.com)

(KPL)  Japan’s Mitsubishi Corp (TYO:8058) will invest in a 600-MW onshore wind farm project in Laos that will supply electricity to Vietnam, Renewables Now - an independent one-stop shop for business news and market intelligence for the global renewable energy industry - reported on Jun 16.

The company said today it has reached an agreement to invest in the project’s developer, Impact Energy Asia Development Ltd, through an intermediate holding company together with a group company of Impact Electrons Siam Co Ltd of Thailand.

Mitsubishi is acting through its wholly-owned Hong Kong subsidiary Diamond Generating Asia Ltd. Further details about the investment were not provided.

To be located in Xekong and Attapeu provinces in southern Laos, the wind farm will be the first in the country and the largest in South East Asia. It is planned to sell electricity to Vietnam's state-owned Vietnam Electricity over 25 years by means of a dedicated power transmission line.

Vietnam needs additional power supply to support its economy, especially in the dry season, when the country’s hydro power generation is limited. The project is therefore expected to both help stabilise Vietnam's power system and make its energy mix greener, Mitsubishi explained.

The wind farm development is in line with a 2016 memorandum of understanding on power interchange between the Vietnamese and Lao governments.

According to information on Impact Electrons Siam’s website, the wind farm is targeted to achieve commercial operation by 2023.

KPL

ຂ່າວອື່ນໆ

    • Laos, China Launch 500-kV Interconnection ProjectEconomics

      Laos, China Launch 500-kV Interconnection Project

      2/27/2025 2:05:53 PM

      The Laos-China 500-kV Interconnection Project, a key initiative under the China-Laos Community with a Shared Future Action Plan, is set to be completed and operational by 2026.

    • Vietnam, Laos strengthen energy cooperationEconomics

      Vietnam, Laos strengthen energy cooperation

      2/17/2025 11:32:52 AM

      (KPL/VNA) The Lao Government and Chitchareune Construction Co., Ltd. on February 13 signed an agreement to develop a 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province which aims to supply electricity to Vietnam from late 2027.

    • Vietnamese firms eye investment in LaosEconomics

      Vietnamese firms eye investment in Laos

      2/17/2025 11:22:15 AM

      (KPL/VNA) Laos continues to be the top destination for Vietnam’s outbound investment, while Vietnam remains one of the largest foreign investors in the neighbour, heard a seminar in Vientiane on February 14.

    • Traditional Weaving Craft Provides Stable Income for FamiliesEconomics

      Traditional Weaving Craft Provides Stable Income for Families

      2/14/2025 3:32:37 PM

      The traditional silk weaving is an important craft that can provide a stable income for families, ensuring their livelihoods. On average, it generates an annual income of over 464 million kip, while also creating employment opportunities for young people and enabling them to earn extra income.

    • Prime Minister Attends Laos-UAE State-Private Sector ForumEconomics

      Prime Minister Attends Laos-UAE State-Private Sector Forum

      2/12/2025 2:01:38 PM

      The Ministry of Foreign Affairs, in collaboration with the Ministry of Planning and Investment and business sectors from Laos and the United Arab Emirates (UAE), hosted the State-Private Sector Consultation Forum to bolster economic ties between the two nations.

ຂ່າວ KPL Laos News

Top