Construction and Operation of the Sakaiminato Biomass Power Plant

「In the biomass field, the company provides O&M (operations and maintenance) services for biomass power plants across Japan and, together with the biomass power plant of Sakaiminato Energy Power GK, is working to improve its capabilities in equipment diagnostics and performance analysis as the plants continue operating smoothly. It is also advancing research and development into applying CCUS (carbon capture, utilisation and storage) to biomass power generation jointly with startup companies.」

「In the biomass field, biomass power plants across Japan for which the company had undertaken O&M (operations and maintenance) services have commenced commercial operations. Together with the biomass power plant of the company's subsidiary, Sakaiminato Energy Power GK, which has been in commercial operation for 2 years, they have continued operating smoothly without any major problems.」

「The biomass power plant of the company's subsidiary, Sakaiminato Energy Power GK, has continued operating smoothly without any major problems.」

「Meanwhile, revenue amounted to ¥63.648 billion, up 11.3% year on year, due to progress on construction of biomass power plants, renovation work at hydroelectric power plants and decommissioning-related work at Fukushima Daiichi Nuclear Power Station, as well as electricity sales revenue from the Group's own biomass power plant, which began commercial operations in October 2022.」

「Net sales amounted to ¥4.1344 billion, up 9.5% year on year, supported by progress in construction work for biomass power plants, renewal work for large-scale power generation facilities at steelworks and work related to the decommissioning of the Fukushima Daiichi Nuclear Power Station, as well as electricity sales revenue from the group's own biomass power plant, which began commercial operations last October.」

「Revenue was ¥20,295 million, up 6.8% year on year, due to decommissioning-related work at the Fukushima Daiichi Nuclear Power Station, progress in repair and maintenance work for thermal power generation equipment, and revenue from electricity sales at the Group’s own biomass power plant, which began commercial operation in October of the previous year.」

「The woody biomass power plant being constructed by the company's subsidiary, Sakaiminato Energy Power GK, in Sakaiminato, Tottori Prefecture, commenced commercial operations in October 2022.」

「The projects completed during the cumulative third quarter of the fiscal year among the plans for new construction and other work on major facilities at the end of the previous consolidated fiscal year are as follows.」

「The woody biomass power plant being constructed by the company's subsidiary, Sakaiminato Energy Power GK, in Sakaiminato, Tottori Prefecture, began trial operations in July of this year as planned, and construction is progressing steadily toward the commencement of commercial operations during fiscal 2022.」

「Orders received during the nine-month period ended 31 December increased to ¥81,636 million, compared with ¥42,199 million in the same period of the previous year, due to increases in construction work for thermal power generation equipment transferred from Hitachi Plant Construction Co., Ltd., decommissioning-related work at the Fukushima Daiichi Nuclear Power Station, and long-term operations and maintenance contracts for biomass power plants.」

「In December 2020, the Group began construction of a company-owned woody biomass power plant in Sakaiminato, Tottori Prefecture, with the aim of commencing commercial operations during fiscal 2022, as part of its efforts to reduce CO2 emissions and achieve carbon neutrality on a global scale.」

「Regarding the woody biomass power generation business in Sakaiminato, Tottori Prefecture, the company is proceeding with construction work with the aim of commencing commercial operations during fiscal 2022, as part of its efforts to expand renewable energy in line with global initiatives to reduce CO2 emissions and achieve carbon neutrality.」

「The company has worked to expand its business areas, including entering the biomass business and establishing bases for overseas business development, drawing on the construction, maintenance and operation expertise it has developed to date.」

「At a Board of Directors meeting held on 19 September 2019, the company resolved to construct and operate a woody biomass power plant in Sakaiminato, Tottori Prefecture, through Sakaiminato Energy Power GK, a wholly owned subsidiary. Plant overview: Facility name: Sakaiminato Biomass Power Plant (tentative name); Location: 2-9 and other sites, Showamachi, Sakaiminato, Tottori Prefecture; Site area: approximately 26,000 square metres; Rated output: 24,300 kilowatts; Annual electricity transmitted: approximately 166.32 million kilowatt-hours (annual electricity consumption of approximately 55,000 households); Fuels: palm kernel shells, bark and wood pellets; Construction-related costs: approximately ¥12 billion; Scheduled start of operations: during fiscal 2022.」