MOSCOW TIME: 21.02.2019 23:03:42

Investments in the Arctic energy sector

Investments in the Arctic energy sector

Japan is interested in investing in the Arctic regions energy sector, which is based on local sources of small generation.

For more than 140 power plants, Yakutia has to bring in every year about 70.000 tonnes of expensive diesel worth about $128 million.
Japan’s Komaihaltec and Mitsui&Co have been negotiating investments in renovation of diesel power plants in the regions northern districts.

The money may be allocated by the Japan Bank for International Cooperation (JBIC) - it finances major infrastructure projects abroad, including in Russia.

Yakutias northern energy district needs renovation, as most of 144 power plants in those 13 northern and Arctic districts require modernization.

Hokkaido Corporations CEO Yukio Temma said the Japanese state-run corporation is interested in a project on LNG and its deliveries to the Arctic.

Source: www.tass.com

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Investments Arctic Japan energy sector

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