Press Release
Development of a 28,110kW wood-burning biomass power plant in Sakaiminato-shi, Tottori Prefecture: Operation set to commence in May 2026
February 15, 2023
Chubu Electric Power Co.,Inc.
New Circle Energy Co., Ltd.
Inabata & Co., Ltd.
Chubuplant Service Co., Ltd.
NX Sakaiminato Kairiku Co., Ltd.
SANKO Inc.
Today, Sakaiminato Showa-machi Biomass Power Generation LLC (“Project Company”), invested by Chubu Electric Power Co., Inc. (“Chubu Electric Power”), New Circle Energy Co., Ltd. (joint venture of Marunouchi Infrastructure Investment Limited Partnership and New Energy Development Co., Ltd.; “New Circle Energy”), Inabata & Co., Ltd. (“Inabata & Co.”), Chubuplant Service Co., Ltd. (“Chubuplant Service”), NX Sakaiminato Kairiku Co., Ltd. (“NX Sakaiminato Kairiku”) and SANKO Inc. (“SANKO”), concluded a project financing agreement.
The Project Company will construct and operate a 28,110kW wood-burning biomass power plant in Sakaiminato City, Tottori Prefecture, targeting operation commencement in May 2026.
The six companies and the Project Company will proceed with the plan with the understanding and cooperation of the local residents and various parties concerned.
【Illustration of the Completed Biomass Plant】
【Overview of the Project】
|
Location of the power plant |
12-1 Showa-machi, Sakaiminato-shi, Tottori |
|---|---|
|
Power output |
28,110kW |
|
Estimated annual power output |
Approximately 300 million kWh |
|
Fuel type |
Wood chips (unused thinned wood, general wood and construction waste from Tottori Prefecture, Shimane Prefecture and other areas of the Chugoku region), wood pellets |
|
Construction start date |
November 2023 |
|
Scheduled start of operation |
May 2026 |
|
Investment |
Chubu Electric Power (44.9%), New Circle Energy (25.0%), Inabata (20.0%), Chubuplant Service (5.1%), NX Sakaiminato Kairiku (2.5%), SANKO (2.5%) |
【Company Profiles】
SAKAIMINATO SHOWAMACHI BIOMASSHATSUDEN GODO KAISHA
|
Established |
November 2023 |
|---|---|
|
Location |
12-1 Showa-machi, Sakaiminato-shi, Tottori |
|
Representative |
Operations executing person: Naosuke Kubozuka |
|
Business |
Development, construction, operation and maintenance management of biomass power generation facilities |
Chubu Electric Power Co., Inc.
|
Established |
May 1951 |
|---|---|
|
Location |
1 Higashi-shincho, Higashi-ku, Nagoya-shi, Aichi Prefecture |
|
Representative |
President & Director Hayashi Kingo |
|
Business |
Renewable energy projects, overseas projects, community support infrastructure-related projects, etc. |
New Circle Energy Co., Ltd.
|
Established |
December 2019 |
|---|---|
|
Location |
1-6-5 Marunouchi, Chiyoda-ku, Tokyo |
|
Representative |
Representative director: Shigeru Kizawa |
|
Business |
Business related to power generation and supply of electricity and steam |
Inabata & Co., Ltd.
|
Established |
June 1918 |
|---|---|
|
Location |
1-15-14 Minamisemba, Chuo-ku, Osaka-shi, Osaka |
|
Representative |
Director, President: Katsutaro Inabata |
|
Business |
Sales and manufacturing of products in the fields of information electronics, chemicals, consumer goods, and synthetic resin |
Chubuplant Service Co., Ltd.
|
Established |
November 1961 |
|---|---|
|
Location |
11-22 Gohonmatsu-cho, Atsuta-ku, Nagoya-shi, Aichi |
|
Representative |
President and CEO: Akira Kuriyama |
|
Business |
Construction, maintenance and operation of power generation facilities; construction and maintenance of gas supply facilities and heat supply facilities; construction, maintenance and inspection of petroleum and chemical plant facilities |
NX Sakaiminato Kairiku Co., Ltd.
|
Established |
March 1944 |
|---|---|
|
Location |
43 Taisho-machi, Sakaiminato-shi, Tottori |
|
Representative |
Representative Director and President: Yumichi Tsunoda |
|
Business |
Port transport business, general motor truck transportation business, first class consigned freight forwarding business (automobile), warehouse business, shipping agent, and customs brokerage |
SANKO Inc.
|
Established |
September 1979 |
|---|---|
|
Location |
5-17 Showa-machi, Sakaiminato-shi, Tottori |
|
Representative |
Representative Director and President: Masaki Miwa |
|
Business |
Recycling, incineration and shredding of industrial waste, environmental remediation work of corporate facilities, and environmental consulting |