Jun 16, 2021 18:00 JST

Source: Mitsubishi Corporation

Mitsubishi Corporation Participates in Laos Wind Farm Project

TOKYO, Jun 16, 2021 - (ACN 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.

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.

Site Location
 


Source: Mitsubishi Corporation
Sectors: Alternative Energy

Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Related Press Release


Geodesic Capital Launches a $335 Million Fund for Growth Stage Venture Capital to Bridge Silicon Valley, Japan, and Asia
May 17 2016 09:30 JST
 
MHI and MC Receive Order for APM Cars and APM System Capacity Expansion at Singapore Changi Airport
March 03 2016 13:00 JST
 
World Leaders in Water Technology to Showcase Latest Solutions at International Water Summit (IWS) 2012
January 08 2013 16:00 JST
 
Mitsubishi Corporation Enters Geothermal Power Business in Indonesia
October 17 2012 15:00 JST
 
GAC Mitsubishi Motors Co., Ltd., a Joint Venture of Guangzhou Automobile Group Co., Ltd., Mitsubishi Motors Corporation and Mitsubishi Corporation, Commences Operation
October 12 2012 16:00 JST
 
Mitsubishi Corporation and Sembcorp Development Enter Strategic Alliance on Township Development in South East Asia
September 25 2012 18:10 JST
 
Fukushima Recovery, Experimental Offshore Floating Wind Farm Project
March 07 2012 14:00 JST
 
Mitsubishi Corporation Participation in the Energy Saving Business in the Philippines
November 24 2011 15:08 JST
 
Mitsubishi Development Pty to Acquire Murchison's Interests in Crosslands and Oakajee Port and Rail
November 24 2011 15:00 JST
 
Mitsubishi Corp Enters Concentrated Solar Power Generation Business in Spain
February 25 2011 16:33 JST
 
More Press release >>

Latest Press Release


More Latest Release >>