Japan's Minister of Economy, Trade and Industry Banri Kaieda said Friday that Japan is now focusing on Turkey and Jordan as the next targets for sales of nuclear power plants.
Japan
's
Minister of Economy, Trade and Industry Banri Kaieda said Friday that
Japan
is
now focusing on
Turkey
and
Jordan
as
the next targets for sales of nuclear power plants.
Japan
aims
to win contracts by offering not only plants but also "operations,
maintenance and expert education support" as a package, Kaieda said in an
interview with Dow Jones.
The Japanese government aims to promote economic growth by exporting nuclear
and green technologies. In November,
Japan
signed a deal with
Vietnam
under
which a Japanese consortium will build two reactors in the southeastern
Vietnamese
province
of
Ninh
Thuan
. Operations are slated to start in 2021.
However, the focus on the Middle East puts Japan in direct competition with
emerging nuclear exporter South Korea, which in December 2009 was awarded a
$20.4 billion contract to build four nuclear power stations in the United Arab
Emirates.
Japan
believes it is in a better position than
South
Korea
in
Turkey
,
because the latter walked out of negotiations with
Turkey
in
December after failing to reach an agreement, mainly due to differences over
electricity pricing.
Following the breakdown in talks,
Turkey
started formal negotiations with
Japan
.
"
Turkey
is
frequently hit by earthquakes, just like
Japan
. They
expect Japanese technology provides better earthquake safety," a senior
METI official said Friday.
In
Jordan
, a
South Korean consortium led by Korea Electric Power Corp. (015760.SE) had
previously expressed interest in nuclear power plant project there, but a short
list of bidders for a contract to build
Jordan
's
first reactor hasn't included the South Korean consortium so far.
Jordan
's
Atomic Energy Commission said in December that a joint venture between France's
Areva (CEI.FR) and
Japan
's
Mitsubishi Heavy Industries Ltd. (7011.TO),
Russia
's
Atomstroyexport, and Atomic Energy of Canada Ltd. are bidders.
South Korea's finance minister, who has been visiting Egypt this week, was
Thursday quoted by Yonhap news agency as saying he expected enhanced
cooperation with the Egyptians in the nuclear power sector.
Japan
started informal discussions about nuclear power plant projects with
Egypt
,
Kuwait
and
Saudi
Arabia
late last year.
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