Laos and Japan agree on CDM project.
The Lao Brewery company ( LBC ) has signed an agreement on a Clean Development Mechanism ( CDM ) emission reductions purchase project with Japanese company Proact International.
Preparations and study on the project have been ongoing since 2003 with supervision from the Ministry of Industry and Commerce's Energy Department and the Lao Water Resource and Environment Authority.
The CDM scheme allows emission reduction projects in developing countries to generate certified emission reduction credits.These can then be traded, sold and used by industrialised countries to meet parts of their emission reduction targets under the Kyoto Protocol.
LBC Managing Director, Mr Kissana Vongsay said the company had made system improvements and sought ways to reduce fuel and energy consumption.
LBC hopes it can have a positive impact on the environment by making these changes and help to mitigate global warming.
Japanese Ambassador to Lao PDR, Mr Masaaki Miyashita, said the Japanese government highly valued the project.
" The project will make significant contributions in overcoming such global issues as climate change and environmental problems as the Kyoto Protocol stipulates," he said.
" It is hoped this project will play a leading role for more CDM project to be developed in Lao PDR in the future."
He said the project would be a good example of transferring advanced Japanese energy-saving technology into the industrial sector of Laos.He said the project was a very important step toward reducing greenhouse gas emissions.
Japan is addressing climate change in accordance with the Kyoto Protocol and the outcomes of G8 summit held in Japan last month.
Proact International Managing Director, Mr Katsuhiko Otaki, also gave a speech before signing the agreement. He said Laos had shown its commitment for tackling global warming and LBC was being a pioneer by building an efficient brewery with advanced technology.
The agreement was signed at LBC's Vientiane headquarters on Friday by LBC Managing Director, Mr Kissana Vongsay, Proact International Managing Ditector, Mr Katsuhiko Otaki, Japan Ambassador to Lao PDR , Mr Masaaki Miyashita and Water Resource and Environment Department Director Dr Viengsavanh Douangsavanh.
Beerlao first exported to Japan in 1998 through one sale agent. LBC now has two sale agents in Japan.
Mr.Moonthala Thalangsy, Laos.