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

17/06/2021 15:49
Email Print 3971
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

    • Public, Private Sector Assess Business Environment Reforms, Agree on Concrete Plan of Actions for 2023-2024   Economics

      Public, Private Sector Assess Business Environment Reforms, Agree on Concrete Plan of Actions for 2023-2024

      3/27/2023 1:23:00 PM

      (KPL) The annual 14th Lao Business Forum (LBF) took place in Vientiane today to review progress of public-private dialogue aimed at improving business environment in Laos.

    • Laos’ National Industrial Park launchedEconomics

      Laos’ National Industrial Park launched

      3/27/2023 11:01:24 AM

      On March 24, the government of Laos and SINO-AGRI International Potash Co., Ltd. (SINO-KCL) held the memorandum signing ceremony of the "Asia-Potash International Intelligent Circular Industrial Park" project in Vientiane, which indicates that the government-enterprise cooperation project is about to get off the ground after more than one year’s preparation.

    • Vietnamese firms improving lives of Lao peopleEconomics

      Vietnamese firms improving lives of Lao people

      3/24/2023 4:12:12 PM

      (KPL\VNA)The consumption of organic food has become popular in the world. Recognizing this global trend, Vietnamese investors in Laos have been producing organic farm produce, bringing stable incomes for Lao people.

    • Laos, China sign an agreement on clean agriculture cooperationEconomics

      Laos, China sign an agreement on clean agriculture cooperation

      3/20/2023 2:36:28 PM

      (KPL) The Ministry of Agriculture and Forestry has signed with Meixiang Agriculture Development a Memorandum of Understanding on a clean agriculture development project worth US$79 million.

    • Lao, Thai companies sign expanding cross-border rail transportEconomics

      Lao, Thai companies sign expanding cross-border rail transport

      3/18/2023 1:38:19 PM

      (KPL) Lao and Thai companies signed in Vientiane on Mar 17 a tripartite Memorandum of Understanding (MOU) to promote cooperation on international rail freight transport between China, Laos and Thailand through Thai-Lao and Lao-China railways. Signatories to the agreement included Director General of Lao National Railway State Enterprise Daochinda Sihalath, CEO of Global Multimodal Logistics Sanchak Suenchom Deputy CEO of Pan-asia Silk Road Padej Metiyanon and President of Kaocharoen Train Transport Panya Paphutsaro. The signing ceremony was witnessed by relevant officials from Laos and Thailand.


Top