Chubu Electric Power Co.,Inc. | Development of 50-MW Wood-Burning Biomass Power Plant in Gamagori City, Aichi Prefecture with Tentative Operation Commencement Date of August 2023 - Press Releases(2019)
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Press Release 2019

Development of 50-MW Wood-Burning Biomass Power Plant in Gamagori City, Aichi Prefecture with Tentative Operation Commencement Date of August 2023

November 26, 2019

Chubu Electric Power Co.,Inc.

Chubu Electric Power Co., Inc. (President: Satoru Katsuno; head office in Higashi-ku, Nagoya City; “Chubu Electric Power”), Marubeni Corporation (President: Masumi Kakinoki; head office in Chuo-ku, Tokyo; “Marubeni”), and SB Energy Corp. (President: Shigeki Miwa; head office in Minato-ku, Tokyo; “SB Energy”) reached an agreement to develop the “Aichi Gamagori Biomass Power Plant” in Gamagori City, Aichi Prefecture, through a jointly-established special-purpose corporation, “Aichi Gamagori Biomass Power Generation LLC” (Project Company). The Project Company and Gamagori City also concluded an environmental conservation agreement.

The Project Company will construct and operate a wood-burning biomass power plant in Gamagori City, Aichi Prefecture that will generate 50 MW. We will collaborate closely with Gamagori City regarding pollution control and environmental conservation efforts based on the environmental conservation agreement, and will move forward with the project with the understanding and cooperation of the community residents as well as the various entities concerned, aiming to commence operations in August 2023.

[Profile of Aichi Gamagori Biomass Power Plant]

Location of power generation facility

Hama-cho Industrial Complex, Gamagori City, Aichi Prefecture

Power output

50,000kW

Projected annual output

Approx. 340 GWh (equivalent to amount consumed by 110,000 ordinary households)

Fuel type

Wood pellets, palm kernel shells

Construction start date

April 2021

Operation start date

August 2023

[Profile of Aichi Gamagori Biomass Power Generation LLC]

Establishment

January 2019

Location

27 Hama-cho, Gamagori City, Aichi Prefecture

Representative

Functional Manager Keisuke Nakajima (Marubeni)

Business description

Power generation though natural energy, etc., supply and sales of electricity, etc.

Investors

Chubu Electric Power(48.5%), Marubeni (48.5%), SB Energy (3%)

 

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