Jun 16, 2021 18:00 JST

Source: Mitsubishi Corporation

Mitsubishi Corporation Participates in Laos Wind Farm Project

TOKYO, Jun 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.

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 ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


First Shipment of LNG from the LNG Canada Project
July 01 2025 10:00 JST
 
Mitsubishi Corporation to Invest and Enter into a Business Partnership with DEScycle Ltd., a UK Company Developing Innovative Metal Recycling Technology
June 02 2025 13:35 JST
 
Mitsubishi Corporation Establishes New Corporate Venture Capital Company
May 30 2025 17:36 JST
 
Mitsubishi Corporation makes DennoKotsu an equity-method affiliate company, strengthening efforts to address regional transportation challenges
April 11 2025 09:39 JST
 
Mitsubishi Corporation to Participate in Demonstration Project for New Hydrogen-Based Ironmaking
April 09 2025 17:22 JST
 
Mitsubishi Corporation Announces Corporate Strategy 2027
April 04 2025 08:04 JST
 
Mitsubishi Corporation: Development of R&D Hub "iPark Kobe" in Kobe Medical Industry City
April 01 2025 13:16 JST
 
Mitsubishi Corporation, ADM Sign Non-Binding MOU, Form Strategic Alliance
March 28 2025 15:29 JST
 
Start of Joint Study on Integrated Power and Data Center Business in Ohgishima area in Keihin District
March 26 2025 13:31 JST
 
Hokkaido Electric Power Corporation and Mitsubishi Corporation Establish a Joint Venture "Hokkaido Renewable Energy Aggregation Co., Ltd."
March 13 2025 12:26 JST
 
More Press release >>

Latest Press Release


More Latest Release >>