Mitsubishi Corp. will conduct a feasibility study to help Vietnam cut energy consumption through the use of energy-saving home appliances, a local report said.

In cooperation with five electric appliance makers, including Panasonic Corp. and Sharp Corp., Mitsubishi will verify how much carbon dioxide and other greenhouse gas emissions can be reduced between now through the end of March 2011, the Yomiuri daily reported, adding that the project aims to suppress growth in the country's energy consumption by promoting the use of products from Japan, including energy-efficient air conditioners, refrigerators and light bulbs.

The Japanese Ministry of Economy, Trade and Industry (METI), which is supporting projects that help Japanese companies to count their reductions of greenhouse gas emissions in emerging economies, designated Mitsubishi's plan as one of the 15 greenhouse reduction projects last week.

Among other METI-designated projects include a Tokyo Electric Power Co. (TEPCO) proposal, under which the company will examine how much greenhouse gas emissions can be reduced if it wins a contract associated with a nuclear power station in Vietnam.

According to the daily, electricity shortages have become a serious problem in Vietnam as rapid industrialisation has seen demand for power increase by about 16 percent per year./.