24.10.2008
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Japan’s Mitsui to Take Part in Implementing Geothermal Projects in Kamchatka

On 22 October, Boris Parshin, JSC Geoterm Acting General Director, and Pavel Ponkratyev, Director of JSC RusHydro's Department of Renewable Energy Sources, met with representatives of Japan's Mitsui & Co., LTD at the Mutnovskaya Geothermal Power Plant.


The Japanese delegation arrived on Kamchatka intending to strengthen economic cooperation in the geothermal energy sphere. The Japanese company's representatives showed great interest in developing Kamchatka's energy on the basis of renewable energy sources and discussed the prospects for bilateral cooperation. The possibility of Mitsui & Co. helping to implement JSC Geoterm investment projects was discussed in the course of the meeting. In particular, plans for turbines installation that would operate on recycled steam at the Mutnovskaya geothermal plant were discussed. This would allow around 12 MW of additional capacity to be obtained. A final decision will be made by the Japanese company's top managers once the project has been thoroughly studied. The Mitsui's conditions for participating in investment projects will be examined at JSC RusHydro.


Note: Mitsui & Co., LTD is a world leader in the development of different types of projects in such areas of industry as chemicals, petrochemicals, energy, electrical energy, and metallurgy. The Russian Federation is just one country in which its operations can be found.

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