27 October 2021
JFE Engineering Corporation
Chubu Electric Power Co., Inc.
Toho Gas Co., Ltd.
Tokyo Century Corporation
JFE Engineering Corporation (Head Office: Chiyoda-ku, Tokyo; President and CEO: Hajime Oshita; "JFE Engineering"), Chubu Electric Power Co., Inc. (Head Office: Higashi-ku, Nagoya; President & Director: Kingo Hayashi; "Chubu Electric Power"), Toho Gas Co., Ltd. (Head Office: Atsuta-ku, Nagoya; Representative Director & President: Noboyuki Masuda; "Toho Gas"), and Tokyo Century Corporation (Head Office: Chiyoda-ku, Tokyo; President & CEO: Makoto Nogami; "Tokyo Century") have agreed to invest in Tahara Biomass Power LLC ("the project company"), which was established by JFE Engineering, and decided to commercialize a 112 MW woody biomass combustion power plant, the largest of its kind in Japan and the largest biomass plant that the investing companies have attempted, in Tahara city, Aichi prefecture.
Today, we are pleased to announce that the project company signed a project financing agreement.
Biomass power generation is a renewable energy source whose output is easily adjusted and capable of stably producing power, so the investing companies have been actively developing it to serve as a core power source. This project will contribute to realizing a carbon neutral and sustainable society.
With the understanding and cooperation of the local community as well as the relevant entities, the four investors and project company are aiming to commence operation in September 2025.
Project Overview
| Location | 2-2-52, 53 Midorigahama, Tahara-shi, Aichi |
|---|---|
| Power output | 112 MW |
| Estimated annual power output | Approx. 770,000 MW (equivalent to approximately 25,000 ordinary households) |
| Fuel type | Wood chips |
| Construction start date | June 2022 |
| Scheduled start of operation | September 2025 |
| Investors | JFE Engineering (40%) Chubu Electric Power (40%) Toho Gas (10%) Tokyo Century (10%) |
| Finance | Project financing arranged by Mizuho Bank, Ltd. and Development Bank of Japan Inc. |
Illustration of Completed Plant
Company Overviews
| Company name | Tahara Biomass Power LLC |
|---|---|
| Established | December 2020 |
| Location | 2-1 Suehiro-cho, Tsurumi-ku, Yokohama, Kanagawa |
| Representative | Moriyoshi Tsunekazu (JFE Engineering), Administrator |
| Business | Biomass power generation facility development, construction, operation, maintenance, and other operations |
| Company name | JFE Engineering Corporation |
|---|---|
| Established | April 2003 |
| Location | 2-2-3 Uchisaiwaicho, Chiyoda-ku, Tokyo |
| Representative | Oshita Hajime, President and CEO |
| Business | Plant and structure EPC (design, procurement and construction), manufacturing, operation, and other businesses |
| Company name | Chubu Electric Power Co., Inc. |
|---|---|
| Established | May 1951 |
| Location | 1 Higashi-shincho, Higashi-ku, Nagoya-shi, Aichi Prefecture |
| Representative | President and Director Hayashi Kingo |
| Business | Electricity and related businesses, gas business, community support infrastructure, etc. |
| Company name | Toho Gas Co., Ltd. |
|---|---|
| Established | June 1922 |
| Location | 19-18, Sakurada-cho, Atsuta-ku, Nagoya, Aichi |
| Representative | Masuda Noboyuki, Representative Director & President |
| Business | Gas, electricity, and other businesses |
| Company name | Tokyo Century Corporation |
|---|---|
| Established | July 1969 |
| Location | 3 Kanda-Neribeicho, Chiyoda-ku, Tokyo |
| Representative | Nogami Makoto, President & CEO |
| Business | Equipment leasing, mobility & fleet management, specialty financing, and international business |
For inquiries regarding this press release, please contact:
- Public Relations Section, General Administration Department, JFE Engineering Corporation