METI Adopts 15 Projects to Promote Climate Mitigation Technology Overseas

Japan's Ministry of Economy, Trade and Industry (METI) announced on August 10, 2010, that it had chosen 14 businesses and 15 projects out of 32 applications for the first run of its "Global Warming Mitigation Technology Promotion Program." By country, the fiscal 2010 program comprises four projects in Indonesia; two each in Vietnam, the Philippines, India, and Thailand; and one each in Laos-Myanmar, China, and Peru.

The objectives of the program are: (1) to properly evaluate contributions made by companies who provide developing countries with Japan's advanced clean technologies, products, infrastructures or production facilities; (2) to establish by bilateral or multilateral agreements a new mechanism to convert such contributions to Japanese emission reduction units; (3) to establish evaluation methods for the execution of technology promotion and transfer and other forms of contribution; and (4) to gather information for future development of financing and other institutions to support project implementation.

The project to be jointly carried out by Tokyo Electric Power Co. and Marubeni Corp., a major trading company, proposes a high efficiency, extra supercritical pressure coal-fired power plant for the Vietnamese government's Seventh National Electric Power Development Plan. Both companies will draw a schematic design of the coal-fired power plant and work on economic and financial analyses. They will also conduct concrete studies on fuel procurement, project financing, and institutional design for bilateral credit. The study period is from August 2010 through March 2011.

METI official website
http://www.meti.go.jp/english/

Posted: 2010/12/03 06:00:15 AM