Softbank to set up research firm for renewable energy projects in Mongolia
TOKYO (Kyodo) -- Softbank Corp. said Monday it will form a research firm in Mongolia in April with Mongolian investment firm Newcom Group to promote wind and solar power generation projects in the country.
The new firm, Clean Energy Asia LLC., will select sites for wind and solar power projects in the Gobi desert and conduct feasibility studies for the projects.
It also will support a joint wind power deal in Mongolia involving Softbank, Newcom and Korea Electric Power Corp.
Details such as how much money Softbank will invest in the new firm have yet to be decided.
Mongolian Prime Minister Sukhbaatar Batbold, who attended the deal-signing ceremony in Tokyo on Monday, said the Mongolian government intends to offer every possible assistance to the planned enterprise.
The deal is in line with Softbank President Masayoshi Son's vision to create a cross-border supergrid power infrastructure straddling several Asian countries including Japan.
(Mainichi Japan) March 13, 2012
The new firm, Clean Energy Asia LLC., will select sites for wind and solar power projects in the Gobi desert and conduct feasibility studies for the projects.
It also will support a joint wind power deal in Mongolia involving Softbank, Newcom and Korea Electric Power Corp.
Details such as how much money Softbank will invest in the new firm have yet to be decided.
Mongolian Prime Minister Sukhbaatar Batbold, who attended the deal-signing ceremony in Tokyo on Monday, said the Mongolian government intends to offer every possible assistance to the planned enterprise.
The deal is in line with Softbank President Masayoshi Son's vision to create a cross-border supergrid power infrastructure straddling several Asian countries including Japan.
(Mainichi Japan) March 13, 2012
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