News & Update

Chodai participated in the Japan-Philippines Small Hydropower Workshop organized by the Ministry of Economy, Trade and Industry and the Department of Energy, held on Thursday, 15th February in Bonifacio Global City, Metro Manila, Philippines. Mr. Masayuki Oura, Manager, Business Planning Department, made a presentation entitled "Challenges in the small hydropower development in the Philippines from the perspective of Japanese investors/consultants".

This presentation was based on the experiences acquired from the small hydropower project on three different rivers in Mindanao, Philippines which are being developed in collaboration with our business partners, Equi-Parco and Twinpeak. This was a request from The Institute of Energy Economics, Japan who is also the secretariat of the event.

The Asiga river small hydropower project which is about to be completed, the Taguibo river small hydropower project which is being promoted under Joint Crediting Mechanism (JCM) subsidy program  to be completed in 2017 and the subsequent Wawa River small hydropower project were introduced. Furthermore, we will also be focusing on utilizing the high-quality infrastructure export strategy set forth by the Japanese government and systems such as the JCM as a global environmental policy. The participation of the Japanese government and Japanese companies for potential business development was also introduced despite the fact that the field has foreign capital restrictions of up to 40% at the most. 

In addition to the small hydropower  project on the three rivers mentioned above, we are also promoting renewable energy businesses such as wind power generation business and biomass power generation business and also proceeding with a water supply concession business that provides bulk water to Butuan City Water District for a long period of time. At the same time, under these stable electricity and water supply systems, we will undertake the development of industrial parks that will promote industrial expansion which leads to the creation of job opportunities. We are also supporting the development of industrial roads that will connect the surrounding industrial parks, national highways and port areas, listed as a top priority project for the entire Caraga region, led by Butuan City. Furthermore, we are also engaged in agriculture and aquaculture businesses, which are the potential products to be processed for value-adding in the industrial park in a future.

We will continue to promote our businesses in line with the Japanese government's promotion of high-quality infrastructure exports and the establishment of a low-carbon society. Through low-carbon economic development, we would like to contribute to mitigate the challenges for  global warming, the achievement of greenhouse gas (GHG) reduction of Japan and the establishment of peace in Mindanao.

In addition, we will play the role of liaison with  Japan and other Japanese companies together  in order to deliver the business opportunities as much as possible of participation to the projects in foreign countries with the various Japanese governmental agencies, local governments and private companies.  We would like to contribute strongly to the economic development of Mindanao Island, including the area around Butuan City and furthermore contribute to the regional revitalization of Japan through the export of excellent technology and know-how in various parts of Japan.