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ECONOMY > Energy

Environment minister’s remarks on Vietnam coal plant project cause stir within GOJ

  • January 25, 2020
  • , Nikkei
  • JMH Summary

Saturday’s Nikkei highlighted remarks made on Friday by Environment Minister Koizumi calling for a review of a project involving Japanese, U.S., and Chinese companies to construct a coal power plant in Vietnam. Some GOJ officials are troubled by the minister’s objection because the initiative was orchestrated by Mitsubishi Corp. and backed by the Japan Bank of International Cooperation as a program to deepen ties between Tokyo and Hanoi. While noting that many international banks have recently become cautious about financing coal power projects, the daily predicted that the apparent disarray within the GOJ over the Vietnam project may adversely affect infrastructure development initiatives pursued by Japanese firms abroad.

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