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TOKYO, November 6. /TASS/. Japan’s Mitsui & Co and Russia’s RAO Energy System of East (part of RusHydro) are in talks to jointly build wind farms in Russia’s Far East, Nikkei newspaper reported Sunday.
The project worth around 20 bln yen ($194 mln), "aims to sell the electricity produced to local utilities and companies," the newspaper said. The plan is to start by building 50 megawatt-class power plants by 2020 and expand capacity to the 100MW level later.
"Joining in the project is Japanese manufacturer Komaihaltec, which has helped Mitsui as an adviser with demonstrations for other wind power projects in Russia," the report said.
The Holding PJSC RAO Energy System of East is the largest supplier of electricity and heat in the Far East. RusHydro has been the company’s main shareholder since the autumn of 2011. As was reported earlier Mitsui is considering buying a 4.8% stake in RusHydro.
Japan’s Prime Minister Shinzo Abe put forward an eight-point cooperation plan to develop the relations with Russia during his meeting with Russian President Vladimir Putin in Sochi on May 6. The plan includes efforts to foster relations between Japan and Russia in the energy sector, small and medium-sized businesses, the promotion of industrialization of the Far East, expansion of the export base, as well as the proposal to strengthen cooperation in the cutting-edge technologies, including nuclear energy, and the sphere of humanitarian exchanges. Later 30 priority projects for cooperation were defined at the meeting between Japanese Minister for Economic Cooperation with Russia Hiroshige Seko and Russia’s Economic Development Minister Aleksey Ulyukayev in Moscow on November 3.