Prominet Power Co., Ltd, a wholly owned subsidiary of Tokyo Gas Co., Ltd, is pleased to announce the acquisition of Fushiki Manyofuto Biomass Power GK and Ichihara Yawatafuto Biomass Power GK from an Equis Group investment fund. Acquisition is expected in thte middle of September 2020.
Fushiki Manyofuto Biomass Power Plant is under construction and expects to start commercial operations from October 2021, with a generation capacity of approximately 51 MW.
Ichihara Yawatafuto Biomass Power Plant, which is expected to be commissioned in January 2024, has a generation capacity of 75 MW and construction will start from October 2020.
These transactions are expected to increase Tokyo Gas group’s renewable power volume by approximately 126 MW and total transaction volume of Tokyo Gas group will become more than 1300 MW.
Tokyo Gas Engineering Solutions Corporation, a wholly owned subsidiary of Tokyo Gas will be awarded as the owner’s engineering consultant and to be undertaking the operation and maintenance for Ichihara Yawatafuto Biomass Power Plant.
Tokyo Gas group will continue expanding its renewable power business, both domestically and overseas, to achieve renewable power transaction volume to 5 GW by 2030, aiming for net zero CO2 emissions as set forth in the Group Management Vision, ‘Compass 2030’ launched in November 2019.
Read the article online at: https://www.energyglobal.com/bioenergy/03092020/tokyo-gas-acquisition-of-wood-pellet-biomass-power-generation-facilities/