Japan is interested in investing in the Arctic region’s 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 region’s northern districts.
The money may be allocated by the Japan Bank for International Cooperation (JBIC) - it finances major infrastructure projects abroad, including in Russia.
Yakutia’s northern energy district needs renovation, as most of 144 power plants in those 13 northern and Arctic districts require modernization.
Hokkaido Corporation’s 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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