Japan pushes to build hi-tech power plants abroad

Dukovany_Nuclear_Power_Station_2-photo-Nostrifikator-e1350013933289-604x272

Two Japanese companies have agreed deals to develop advanced coal-fired power plants in Malaysia and Myanmar as part of a government drive to export energy efficiency technology to emerging markets, a report said on Sunday.

The Japanese government is seeking to promote the export of ultra-supercritical (USC) pressure technology power plants to meet expected growing demand in emerging economies, the Nikkei business daily said.

USC power plants are the most efficient in the world, generating hotter, higher-pressure steam than conventional units resulting in significantly lower carbon dioxide emissions, Nikkei said.

Japanese trading firm Mitsui has agreed to oversee the construction and operation of a plant in Malaysia with two USC generators that can each produce one million kilowatts of energy, the daily said.

Mitsui, partnering with government-affiliated infrastructure group 1Malaysia Development Berhad, is expected to sign a formal contract with the Malaysian government by this summer, Nikkei said.

The project is valued at about 360 billion yen (about $3.48 billion) and come online in 2018.

Under the plan, Toshiba will deliver steam turbines to the plant to be built in Jimah, south of Kuala Lumpur, while Japanese heavy equipment maker IHI will provide boilers, Nikkei said.

In addition, Sumitomo Mitsui Banking has reached a deal to extend loans for a 260 billion yen USC power generation project in Myanmar, the daily said.

Japanese heavy machinery makers will take part in the construction of the plant with an output of 1.28 million kilowatts in cooperation with Thai engineering firm Toyo-Thai Corporation Public Co., it said.

The two companies will start the construction by the end of the year and aim to start the plant in 2018.

 

 

 

 

 

Source : Channel News Asia | April 6, 2014

Advertisements

About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
This entry was posted in Business, Economy, Global Sourcing and tagged , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s