Signing of a Basic Agreement for the Development of the Akigami Hydroelectric Power Station

C-Tech Corporation (Nagoya City, Aichi Prefecture; Hereinafter "C-Tech") and Chubu Electric Power Company (Nagoya City, Aichi Prefecture; Hereinafter "Chubu Electric") have signed a basic agreement concerning a hydroelectric power business using the Akigami Dam (Takayama City, Gifu Prefecture).

C-Tech is to develop the Akigami Hydroelectric Power Station directly underneath Chubu Electric's Akigami Dam.

The Akigami Hydroelectric Power Station will make effective use of the difference in water levels created by the dam and water discharged primarily to maintain the environment of the river system, thereby leading to the further promotion of the use of renewable energy. The development period will be short due to the minimal need for facility construction.

The power station has the generation capacity of 290kW. Construction will commence with a target operation launch in FY2016.

In developing and operating the Akigami Hydroelectric Power Station, C-Tech must utilize Chubu Electric's facilities. The basic agreement, signed today, defines basic provisions on the scope of facility ownership and management as well as the management and administration of electricity generation operation.

This is the first time C-Tech enters into the hydroelectric power business. The company is to proceed with development work while ensuring the understanding and cooperation of local communities and other stakeholders.

Hydropower is the most stable form of energy for power generation among various renewable energies. The Chubu Electric Group is committed to working in close partnership for the continuous development of general hydropower as well as power generation by maintenance flows.

[Overview of plan]

Overview og plann of Akigami Hydroelectric Power Stn,

Name of station	Akigami Hydroelectric Power Station
Location	Kosegahora, Asahi Town, Takayama City, Gifu Prefecture
Output	0.29MW
Projected annual electricity output	Approx.1,330 MWh (equivalent to annual electricity consumption of approx. 370 average households)
Reduction in CO2 emissions	Approx. 700 tons per year
Construction work planned to start in	September 2015
Planned start of commercial operation	April 2016

Attachement

• General location and artist's impression of the power station[PDF:287 KB]