News & Update

Commencement of Biomass power project and Micro Hydropower project in Mindanao, the Philippines

On June 25th, two of our projects have been adopted by subsidy program named "Financing Programme for Joint Crediting Mechanism (JCM) Model Projects in FY2018" provided by the Ministry of Environment, Japan.

The first project is the "2.5MW of biomass power project utilizing rice husk as fuel in Butuan city, Mindanao (hereinafter, Biomass Project)" in Butuan city, Mindanao, Philippines. This will be promoted as a project eligible for JCM equipment subsidy. The second project is the development of a "0.16 MW micro hydropower project in the Taguibo river, Mindanao" (hereinafter, Micro Hydropower Project) installed on the water intake dam of the Taguibo river as a part of facilities of the water supply concession project delivering water to Water District in Mindanao which began provisional operations on 2017 and was inaugurated on April 30th of this year. This project will also be promoted as a project eligible for JCM equipment subsidy.

The pre-feasibility study for the Biomass Project was conducted in FY2015, and the feasibility study is completed in FY2017. Both studies received support from METI. Furthermore, the other micro hydropower generation project is undergoing feasibility study by METI in FY2017. Both of the above mentioned projects are eligible for JCM equipment subsidy.

During the last fiscal year, "the Taguibo river 4 MW small hydropower project in the Taguibo River in Mindanao, the Philippines" was selected to receive the JCM equipment subsidy. With this and together with the other projects, we will utilize the JCM equipment subsidy to promote our renewable energy businesses in Mindanao.

We have consistently continued to create business opportunities for Japanese companies to get involved and collaborate with them to the fullest extent possible and practiced as a liaison to create opportunities to bring in people, goods and investments from Japan.
We will continue to promote our projects in line with the policy of high-quality infrastructure exports and the  creation of a low-carbon society which is promoted by Japansese Government. Through low-carbon economic development, we would like to contribute to the issue of global warming, the reduction of greenhouse gas (GHG) emissions in Japan. 

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.