In Japan, Chubu Electric Power Co., Inc. (Chubu Electric Power) and Toho Gas Co., Ltd (Toho Gas) have agreed to invest in Kumamoto Forest Power Generation LLC that aims to build a 75 MWe biomass power plant in Yatsushiro City, Kumamoto Prefecture.
Kumamoto Forest Power Generation was established by Ene Vision Co., Ltd (Ene Vision), a group company of Toyota Tsusho Corporation, and it aims to build and operate the “Yatsushiro Biomass Power Plant”, a 75 MWe wood-fired power plant.
The planned plant would use wood pellets, and woodchips as fuel, the latter derived from unused thinned wood from forests in Kumamoto Prefecture.
Construction start is scheduled for April 2022, with commercial operations to begin in June 2024.
Mizuho Bank Ltd arranged project finance together with the Development Bank of Japan Inc. as co-arranger.
