11 nov. 23 2009 electric power development co.,ltd. j-powers biomass energy projects and business in...
TRANSCRIPT
11
Nov. 23 2009Nov. 23 2009
Electric Power Development Co.,Ltd.Electric Power Development Co.,Ltd.
Seigou MIZUNUMSeigou MIZUNUMAA
J-Power’s Biomass EnergyJ-Power’s Biomass Energy Projects and BusinessProjects and Business
in Japan and Other Countriesin Japan and Other Countries
22
[Contents][Contents]
1. Corporate Profile1. Corporate Profile 1-1. Corporate History 1-2. JP track records in international IPP business 2. 2. Renewable Approach of J-PowerRenewable Approach of J-Power 2-1. J-Power’s thermal/biomass power stations in Japan
2-2. J-Power’s biomass energy projects in Asia 2-3. J-Power’s CDM projects in the world 2-4. The objective to promote biomass business of J-Power 2-5. Challenge for biomass energy business of J-Power
3.Biomass Energy Business in Japan and Asia3.Biomass Energy Business in Japan and Asia 3-1. JP track records in biomass energy business (Japan) 3-2. JP track records in biomass energy business (Thai) 3-3. JP co-firing biomass combustion business (Japan)
4. Biomass Energy Ratio of Electricity Production in Japan4. Biomass Energy Ratio of Electricity Production in Japan 4-1. Biomass energy ratio of electricity production in Japan4-1. Biomass energy ratio of electricity production in Japan
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1. Corporate profile1. Corporate profile
4
1-1. corporate profile1-1. corporate profile
Thermal
(8stations 8,424MW)
Hydropower
(57stations 8,560MW)
Nuclear(1,383MW)(under construction)
Wind power (255MW)
Others (878MW)
Transmission Lines (2,400km)
Total Generation Capacity 18.1GW
Nation’s largest wholesale company dealing with the regional power utilities in Japan
Top Runner in hydro and coal-fired thermal power generation
1952 Establishment of Electric Power Development Co., Ltd.
1952 ~ Large-scale hydro power generation
1960 ~ Thermal power generation using domestic coal
1980 ~ Thermal Power generation using imported coal
1990 ~ New technology, environment protection measures
2004 ~ Totally Privatized
《 History of J-POWER 》
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1-2. JP track records in international IPP business1-2. JP track records in international IPP business
Zajaczkowo (Wind power)
Poland
Chiahui (Gas CCGT)
Taiwan
Tianshi (Coal waste)
Hanjiang (Hydro power)
Xin Chang (Coal thermal)
China
CBK (Hydro power)
Philippines
Tenaska (Gas CCGT)
Elwood (Gas simple cycle)
Green Country (Gas CCGT)
Birchwood (Coal fired thermal)
Pinelawn (Gas CCGT)
Equus (Gas simple cycle)
Fluvanna (Gas CCGT)
Edgewood (Gas simple cycle)
Shoreham (Jet fuel)
Orange Grove (Gas simple cycle)
USA
Roi-Et Biomass (Rice chaff)
Yala Biomass (Rubber tree waste)
Rayong Co-generation (Gas CCGT)
Thaioil Power (Gas CCGT)
Independent Power (Gas CCGT)
Kaeng Khoi (Gas CCGT)
Samutprakarn (Gas CCGT)
Nong Khae (Gas CCGT)
Kaeng Khoi 2 (Gas CCGT)
Samet Tai (Newly bid IPP project: gas CCGT)
Nong Saeng (Newly bid IPP project: gas CCGT)
Thailand
Status Number of Projects Output J-P Share
Operation6
nations/areas,23 8,836 MW 3,123 MW
Construction
2 nations/areas,
4 2,435 MW 337 MW
Total6
nations/areas,27 11,271 MW 3,460 MW
Nhon Trach 2 (Gas CCGT)
Vietnam
66
2. Renewable approach 2. Renewable approach of J-Powerof J-Power
7
Matsuura Thermal P/S
Fuel; Sewage sludge & wood chip Combustion ratio; 0.04% Consumption; 1,800t /year
Omuta RDF G/P
Fuel; RDF Disposal Capacity; 315 ton/day Generated output; 20,600kW
2-1. J-Power’s thermal/biomass power stations in Japan2-1. J-Power’s thermal/biomass power stations in Japan
Existing 7coal-fired thermal power stations
RDF generation plant
8
2-2. J-Power’s biomass energy projects in Asia2-2. J-Power’s biomass energy projects in Asia
ThailandRoi-et biomass project
・ Fuel : Rice husk
・ Output Capacity :10MW
ThailandYala Biomass Project
・ Fuel: Rubber wood waste
・ Output Capacity :20MW
Operating project
Planning project
VietnamBiomass Project
・ Fuel : Rice Husk
・ Output Capacity (to be decided)
MalaysiaBiomass Project
・ Fuel : *EFB
・ Output Capacity (to be decided)
*EPB: Empty fruits bunch
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2-3. J-Power’s CDM projects in the world2-3. J-Power’s CDM projects in the world
Chile Fuel conversion by Nestle (Coal → Natural Gas) Chile Cogeneration by Metro GAS (Natural Gas)
Columbia La Vuelta and La Herradura Hydroelectric Power Project
Brazil Aquarius Small-scale Hydroelectric Power Project
Brazil Caieiras Landfill Gas Project
China Erdaoqiao Hydropower project
J-Power has effectively used the Kyoto Protocol Mechanisms.J-Power has effectively used the Kyoto Protocol Mechanisms. - Acquisition of Emission Credits through development of CDM projects to offset emissions by Kyoto credits-
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2-4.The objective to promote biomass business of J-Power2-4.The objective to promote biomass business of J-Power
Target; Approx.10% reduction from FY 2002 level (in FY2010)Target; Approx.10% reduction from FY 2002 level (in FY2010) FY2002; 0.72kg-CO2/kWh (domestic and overseas operations) FY2007; 0.70kg-CO2/kWh FY2008; 0.68kg-CO2/kWh
Japan ・ Rational combination of measures including maintenance and improvement of the efficiency of energy use (eg. nuclear and biomass) Overseas ・ Promotion of IPP business with return secured by public sector and biomass features of that country ・ *CER acquisition to prepare for further CO2 emission regulation change
J-Power will continue to reduce CO2 emissions per unit of electric power J-Power will continue to reduce CO2 emissions per unit of electric power sold through development of low CO2 emission power sources.sold through development of low CO2 emission power sources.
*CER: Certified emission reduction
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1.Small scale (High cost on capital ratio) ⇒ Cost minimization with every possible way
2-5 Challenges for biomass energy business of J-Power2-5 Challenges for biomass energy business of J-Power
Challenges for biomass energy business of J-Power Challenges for biomass energy business of J-Power are as follows.are as follows.
2.Difficulty in fuel collection Mitigation with support of public sector⇒
3.Longer capital recovery period Revenue stabilization with long term PPA, *FSA⇒
*FAS: Fuel Supply Agreement
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3. Biomass Energy Business 3. Biomass Energy Business in Japan and Thailand in Japan and Thailand
13
Subsidies
Prefecture J-Power
Lender
MunicipalitiesConcerned
Electric Power Co.
Contractor OM Company
Project Company
O&MAgreement
EPCAgreementPPA
National Gov.
Subsidies
Highlights; Omuta RDF Generation PlantHighlights; Omuta RDF Generation Plant ・ Stable revenue of Tipping Fee ・ Favorable tariff with RPS in PPA ・ Investment from Prefecture
3-1. JP track records in biomass energy business (Japan)3-1. JP track records in biomass energy business (Japan)
RDF Treatment Agreement
Tipping Fee Collateral
Financing Contract
RPS
Output Capacity; 20,600kWFuel; RDFTerm of PPA; 17 years
investment
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3-2.(1) JP track records in biomass energy business (Thai)3-2.(1) JP track records in biomass energy business (Thai)
investment
financing
investment
investment investment
Investor J-Power
Investor
Lender
Project Company
investmentfinancing
Fuel Supplier
Electric Power
Co.
Power Purchase Agreement(PPA)
Rice mills
EPC Contract
Fuel Supply Agreement
(FSA)
NEPOSubsidies
Contractor
Highlights; Roi-Et Thermal Power StationHighlights; Roi-Et Thermal Power Station ・ Subsidies (*NEPO *currently EPPO) ・ Long Term PPA (21 years) ・ Incentive Tariff (Bunker Oil Price Link)
Fuel Supply
Output Capacity; 9950kWFuel; Rice HuskTerm of PPA; 21 years
15
3-2.(2) JP track records in biomass energy business (Thai)3-2.(2) JP track records in biomass energy business (Thai)
investment
financing
investment
investment investment
Investor J-Power
Investor
Lender
Project Company
investmentfinancing
Fuel Supplier
Electric Power
Co.
Power Purchase Agreement(PPA)
Saw mills
EPC Contract
Fuel Supply Agreement
(FSA)
UNDPSubsidies
National Gov.
Subsidies
Contractor
Highlights; Yala Thermal Power StationHighlights; Yala Thermal Power Station ・ Subsidies (UNDP, National Gov.) ・ Long Term PPA (25 years) ・ Incentive Tariff (Natural Gas Price Link)
Fuel Supply
Output Capacity; 20,000kWFuel; Rubber WoodTerm of PPA; 25 years
16
3-3. JP co-firing biomass combustion business (Japan)3-3. JP co-firing biomass combustion business (Japan)
Coal
Wood chip biomass fuel
Sewage sludge derived fuel
Biomass
Coal-FiredThermal Power Station
Reduction of CO2 EmissionProduction value by RPS
(Renewable Portfolio Standards)
Coal
Matsuura thermal power station (1,000MW, 2unitMatsuura thermal power station (1,000MW, 2unit)) ・・ Fuel;Fuel; Sewage sludge & wood chipSewage sludge & wood chip ・・ Mixed ratio;Mixed ratio; 0.04% on average0.04% on average ・・ Biomass consumption;Biomass consumption; 1,800 ton/ year1,800 ton/ year
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4. Biomass Energy Ratio4. Biomass Energy Ratioof Electricity Productionof Electricity Production
in Japanin Japan
18
coaloilgasnuclearhydrobiomass/ wasteothers
Electricity production from biomass/waste accounts for about 2% Electricity production from biomass/waste accounts for about 2%
in Japan in 2006.in Japan in 2006.
coal 298,899
oil 120,736
gas 254,492
nuclear 303,426
hydro 95,576
biomass/waste
22,404
others 4,831
total production
1,100,364
4-1. Biomass energy ratio of electricity production in Japan4-1. Biomass energy ratio of electricity production in Japan
Source; IEA Electricity in Japan in 2006
Electricity production in Japan in 2006 (GWh)