Japan Seeks Treaty to Export Its Renewable-Energy Technology To Ukraine

TOKYO, Japan -- Japan’s government aims to complete an investment treaty with Ukraine to push the export of its clean-energy technology abroad.

Ukrainian President Viktor Yanukovych (R), speaks with Emperor Akihito (L), at the Imperial Palace in Tokyo Friday, Jan. 19, 2011.

Visiting Ukrainian President Viktor Yanukovych and Japanese Prime Minister Naoto Kan agreed to start negotiations this year for a bilateral treaty to promote and protect investments, according to a statement yesterday from Kan’s office.

“An investment treaty would further promote cooperation utilizing Japan’s useful technology, mainly in energy and the environment,” Banri Kaieda, Japan’s trade minister, said today at an investment seminar in Ukraine.

“We hope for an early conclusion of negotiations toward a new stage for the bilateral economic relations.”

Ukraine is interested in Japanese technologies for solar and wind power, heat insulation and biomass, said Fumio Ueda, executive director of Japan’s New Energy and Industrial Technology Development Organization, at the seminar.

The New Energy and Industrial Technology Development Organization and Ukraine’s National Environmental Investment Agency agreed to implement a coal mine water treatment pilot project using Japan’s technology, the Japanese agency said in a statement today.

It didn’t say who will provide the technology. The two parties will also set up energy conservation projects in schools and hospitals in Ukraine.

Source: Bloomberg