Chofu Biomass Power Plant is a 74.95MW biopower project. It is planned in Yamaguchi, Japan. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the under construction stage. It will be developed in a single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in January 2025. Buy the profile here.
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Description
The project is being developed and currently owned by Chofu Seisakusho, Japan Petroleum Exploration, MOT Research Institute and Tokyo Energy & Systems. The company's ownership stake in the project stands as 39.9%, 20%, 15.1% and 15% respectively.
Wood pellets which is a kind of wood by-product will be used as a feedstock to power the project.
Development status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by January 2025.
Power purchase agreement
The power generated from the project will be sold to The Chugoku Electric Power under a power purchase agreement. The power will be sold at the rate of $0.191kWh for a period of 20 years.
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About Chofu Seisakusho
Chofu Seisakusho Co., Ltd. (Chofu Seisakusho) carries out manufacturing and marketing of general housing equipment. The company offers oil-fired and gas-fired water heaters, eco cute and electric water heater, cooling and heating water heat pump systems, solar water heaters, hybrid water heaters, and controlled circulation systems. It also offers solar underfloor ventilation fan, bath units, bathtubs, kitchen units, co-generation systems, carbon dioxide heat pump water heaters, air conditioners and heating appliances and the appliances for commercial use. The company sells products through a network of showrooms across Japan. Chofu Seisakusho is headquartered in Shimonoseki, Yamaguchi, Japan.
About Japan Petroleum Exploration
Japan Petroleum Exploration Co Ltd (JAPEX) is an integrated energy company that carries out exploration, development, production and sale of crude oil and natural gas. It also purchases, sells, transports, and supply crude oil and natural gas through pipelines, tank trucks and tankers. The company manufactures, sells and transports petroleum products, and bitumen. It focuses on the development of renewable energy including geothermal power generation and offers contract drilling services. It also facilitates carbon dioxide underground storage. The company has main offices in Japan, the US, the UK, Indonesia and the UAE, and operations in the US, Indonesia, Canada, Iraq and Russia. JAPEX is headquartered in Tokyo, Japan
About MOT Research Institute
MOT Research Institute Ltd (MOT Research) provides consulting services. MOT Research is headquartered in Japan.
About Tokyo Energy & Systems
Tokyo Energy & Systems Inc (Tokyo Energy & Systems), a subsidiary of Tokyo Electric Power Co Holdings Inc, is a construction company that offers planning, designing, construction and supervision of electric and mechanical facilities for thermal power plants, nuclear power plants, hydro power plants, chemical plants, industrial plants and environmental facilities. The company also designs and constructs civil and architectural facilities. Tokyo Energy & Systems offers planning, studying, designing and construction of telecommunication systems and electronic facilities. It provides services such as maintenance, inspection, repair, modification, demolishing and transportation for various plants and facilities and electricity distribution business, among others. Tokyo Energy & Systems is headquartered in Tokyo, Tokyo, Japan.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
