Press Release

Press Release

Construction Started on Minokamo Biomass Power Plant

March 01, 2022
Chubu Electric Power Co.,Inc.
Sago Co., Ltd.
Mitsubishi HC Capital Inc.

Today, Minokamo Biomass Power Plant LLC, a joint venture by Chubu Electric Power Co., Inc. (President & Director: Hayashi Kingo; Head Office: Higashi-ku, Nagoya; "Chubu Electric Power"), Sago Co., Ltd. (President & Director: Sago Ryuji; Head Office: Minokamo City, Gifu Prefecture; “Sago”) and Mitsubishi HC Capital Inc. (President & CEO: Yanai Takahiro; Head Office: Chiyoda-ku, Tokyo; “Mitsubishi HC Capital”), started construction on the Minokamo Biomass Power Plant.

The Minokamo Biomass Power Plant is being constructed in Minokamo City, Gifu Prefecture. It is a wood-fired biomass power plant that will produce 7.1 MW, mainly utilizing for fuel unused thinned wood harvested in Gifu Prefecture. The plant is scheduled to commence operation in October 2023.

Chubu Electric Power, Sago, and Mitsubishi HC Capital are promoting initiatives to realize a carbon-free society. With this power generation project, they will recycle domestic resources, thereby contributing to decarbonization and reducing the environmental footprint.

Together with the understanding and cooperation of the local community and other stakeholders,Minokamo Biomass Power Plant LLC will construct this power plant, placing safety as the highest priority.

[Profile of Minokamo Biomass Power Plant]

Location

37-27 Aza-Awaji, Izenyuukai, Hachiya-cho Shimohachiya, Minokamo-shi, Gifu Prefecture
Former site of the Kamosei Garden Crematorium in Minokamo City

Power output

7,100kW

Estimated annual power output

Approximately 50 million kWh
(equivalent to approximately 16,000 ordinary households)

Fuel type

Wood chips (mainly unused thinned wood harvested in Gifu Prefecture)

Scheduled start of operation

October 2023

Investment

Chubu Electric Power (40%), Sago (30%), Mitsubishi HC Capital (30%)

[Illustration of the Completed Biomass Power Plant]

[Illustration of the completed biomass plant]

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