Two Japanese companies have agreed on deals to develop advanced coal-fired power plants in Malaysia and Myanmar as part of a Japanese government drive to export energy-efficiency technology to emerging markets, a report said yesterday.
The Japanese government is seeking to promote the export of ultra-supercritical pressure (USC) technology power plants to meet expected growing demand in emerging economies, the Nikkei Industrial Journal 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 Group has agreed to oversee the construction and operation of a plant in Malaysia with two USC generators designed to produce 1 million kilowatts of energy each, the business daily said.
Mitsui, partnering with Malaysian 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 (US$3.48 billion) and come online in 2018. Under the plan, Toshiba Corp will deliver steam turbines to the plant to be built in Jimah, south of Kuala Lumpur, while Japanese heavy equipment maker IHI Corp will provide boilers, Nikkei said.
In addition, Sumitomo Mitsui Banking Corp has reached a deal to extend loans for a ￥260 billion USC power generation project in Myanmar, the daily said.
Japanese heavy machinery makers will take part in the construction of the plant, which has an expected output of 1.28 million kilowatts in cooperation with Thai engineering firm Toyo-Thai Corp Public Co Ltd, it said.
The two companies are to start construction by the end of this year and aim to start the plant in 2018.