News & Update

We gave a presentation in the "Workshop on the Joint Crediting Mechanism (JCM) - How to ease the dissemination of low carbon technologies in the Philippines through the JCM -" held in Manila, Philippines on Tuesday, 19th February.

This workshop was organized by the Ministry of Environment, Japan and the Ministry of Environment and Natural Resources, Philippines (DENR) in collaboration with the Institute for Global Environmental Strategies (IGES). It was carried out for the purpose of strengthening the understanding of the financial assistance under JCM equipment subsidies and related measures for further dissemination of low-carbon technologies through the assistance in the Philippines.

At the workshop, there were presentations on "Results of COP24 and the Paris Agreement" and "the latest trends and financial assistance under JCM". We made a presentation with Tokyo Century Cooperation as a representative of a private company which are using JCM subsidy and implementing a specific project in the country. About 70 people including government officials and private business persons participated in the workshop. There was a lively discussion about the specific project composition and implementation method using JCM scheme.

So far, a total of 8 JCM supported projects have been adopted in the Philippines (as of June 25th, 2018), and we are currently implementing 3 JCM supported projects as a representative company of the consortium. One is the "Taguibo River 4MW small hydropower project in Mindanao" that has been underway since FY2017. The remaining two projects are "2.5 MW biomass (rice husk) power project in Butuan City, Mindanao" and "0.16 MW Micro hydropower project on Taguibo river water supply facility in Mindanao Island" which have been underway since FY2018.

In the presentation, along with the introduction of the Chodai Group, the growth strategy and the activities toward the renewable energy businesses were introduced. Afterwards, the activities of the renewable energy businesses including those three JCM supported projects mentioned above also were introduced. After the presentation, participants questioned and commented on specific project formulation and approach mainly on private businesses, the usage of financial assistance under JCM and various other supporting facilities which funded by government of Japan, consulting services, etc. It showed the high interest of participants in financial assistance including under JCM program.

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.