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Japanese Partners to Use Joint Crediting Mechanism to Further Energy Savings and Air Quality in Vietnamese Hospitals

Will Implement Low-carbon Air Conditioning Technologies in Two Facilities

Tokyo, Jan 27, 2014 - (JCN Newswire) - Mitsubishi Electric Corporation, Mitsubishi Corporation and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. are pleased to announce a joint demonstration project aimed at installing some 1,000 high-efficiency inverter air conditioning units in two Vietnamese national hospitals, one each in Hanoi and Ho Chi Minh City. The project is expected to help improve energy-saving mechanisms and systematize the use of advanced air conditioning technologies in Vietnamese hospitals. The demonstration project will last from January 2014 to February 2016.

The project was selected in December 2013 by the New Energy and Industrial Technology Development Organization (NEDO) as one of a suite of projects aimed at disseminating and promoting the use of technologies to counteract global warming. Recognizing the potential of Japanese technologies to promote energy savings and reduce greenhouse gases, the governments of Vietnam and Japan have decided to implement a Joint Crediting Mechanism (JCM)(1).The demonstration project will be developed in accordance with the procedures established under the JCM from validation, registration, to monitoring, reporting and verification of emission reductions.

The project aims to develop an energy management system for efficient joint control of multiple inverter air conditioners. The effectiveness of greenhouse gas reduction and energy savings will be verified by installing heat exchangers to reduce heat loss during ventilation, save energy and improve the quality of air inside the national hospitals.

Going forward, Mitsubishi Electric, Mitsubishi Corp. and Mitsubishi UFJ Morgan Stanley Securities aim to implement other initiatives that help address global warming.

Details of Demonstration Project

1) Development of energy management system (EMS)
2) Installation of equipment incorporating energy-saving and air-improvement technologies, and verification of effectiveness
3) Application for registration of JCM methodology
4) Verification of greenhouse gases reduction based on JCM methodology

Locations:

Two national hospitals in Hanoi and Ho Chi Minh City, Vietnam

Period:

January 2014 to February 2016

Roles of each company:

Mitsubishi Electric Corporation: Design and development of EMS
Mitsubishi Corporation: Application for registration under JCM methodology and verification

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.: Development of measurement, reporting and verification methodology and support for local partners

Note:

(1) Mechanism for facilitating diffusion of low-carbon technologies, products, systems, services, and infrastructure, as well as implementation of mitigation actions in developing countries and appropriate evaluation of Japan's contributions to greenhouse gas emission reductions or removals in a quantitative manner to achieve Japan's emission reduction target.

About Mitsubishi Corporation

Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.



Source: Mitsubishi Corporation

Contact:
Mitsubishi Corporation
Telephone:+81 3 3210 2171 
Facsimile:+81 3 5252 7705


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