English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 16 June 2021, 17:00 HKT/SGT
Share:
    

Source: Mitsubishi Corporation
Mitsubishi Corporation Participates in Laos Wind Farm Project

TOKYO, June 16, 2021 - (JCN Newswire) - Mitsubishi Corporation (MC) has reached agreement to invest in Impact Energy Asia Development Limited (IEAD), the developer of a 600MW capacity onshore wind farm project in Laos. MC will invest through an intermediate holding company together with a group company of Impact Electrons Siam Co., Ltd. in Thailand. The initiative is being executed through Diamond Generating Asia, Limited (DGA), MC's wholly owned subsidiary in Hong Kong.

Site Location

The onshore wind farm will be located in Sekong and Attapeu Provinces in southern Laos. The wind farm will be the first wind farm in Laos and the largest in South East Asia. By installing a dedicated power transmission line to Vietnam, power from the wind farm is planned to be sold to Vietnam Electricity, a state-owned electric power company in Vietnam, for 25 years.

In Vietnam, in addition to the need for further power supply to support its growing economy, it is crucial to secure a power source in the dry season, when the operating rate of one of Vietnam's main power sources, hydro power generation, is limited. The onshore wind farm is expected to operate at a high rate during the dry season, when hydro power generation is limited, and is expected to contribute to the stabilization of Vietnam's power system while making country's energy mix greener.

The onshore wind farm is being developed as part of a memorandum of understanding on power interchange signed between the Vietnamese and Lao governments in October 2016. If electricity exports from this project are realized, it is expected to be the first cross-border electricity interchange from wind power generation in South East Asia as planned by Lao government.

We will continue to contribute to the realization of a decarbonized society by striving to achieve both a stable supply of electricity in Vietnam and addressing the environmental challenges for the stable society.

Topic: Press release summary
Source: Mitsubishi Corporation

Sectors: Alternative Energy
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 
Mitsubishi Corporation Links

http://www.mitsubishicorp.com

https://www.linkedin.com/company/mitsubishi-corporation/

Mitsubishi Corporation Releated News
Sept 22, 2021 09:00 HKT/SGT
三菱商事、燃料アンモニア製造に向け米国Denbury社と二酸化炭素輸送・貯留に係る合意
Sept 22, 2021 07:00 HKT/SGT
MC Reaches Agreement with Denbury on CO2 Transport and Storage Operations for Fuel Ammonia Production
Sept 9, 2021 11:36 HKT/SGT
Mitsubishi Corporation and Shell Sign MoU to Collaborate on Hydrogen Plans in Alberta
Sept 8, 2021 11:08 HKT/SGT
Mitsubishi Corporation Signs Japan's First Long-term Corporate PPA for Online Retail Giant Amazon
Sept 8, 2021 11:00 HKT/SGT
三菱商事、カナダ アルバータ州における水素製造に向けた覚書を締結
More news >>
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575