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Energy: Sharp Corp of Japan has signed an agreement with Natural Energy Development Co to supply thin-film solar modules for a 73-megawatt power plant in Lop Buri

Construction of the plant will start this month and is expected to be completed by the end of 2011, Sharp said in a statement. The plant would cost about $250 million, according to Mitsubishi Corp, another partner in the venture.

Natural Energy Development is a joint venture between Hong Kong based CLP Holdings Ltd, Mitsubishi and SET-Listed Electricity Generating Plc (Egco). Power generated from the plant will be sold to the Electricity Generating Authority of Thailand.

Natural Energy Development received a $70-million loan from the Asian Development Bank in May to develop the project.

Thailand wants to obtain 20% of its domestic energy needs from renewable sources by 2020.