Erex Co Ltd to Set Up 50MW Biomass Power Plant in Okinawa
July 27, 2017 at 06:26 am EDT
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Erex Co Ltd. announced June 15, 2017, that it will establish a company to promote a biomass power generation business in Okinawa Prefecture, Japan. The company will build the prefecture's power plant that uses biomass as a main fuel, aiming to start commercial operation in fiscal 2020. The rated output of the biomass power plant will be about 50MW. It will use palm shell and woody pellets as main fuels. All the electricity generated at the plant will be provided to consumers in the prefecture through Okinawa Gas New Power Co, a joint venture between Erex and Okinawa Gas.
Erex Co Ltd is a Japan-based company mainly engaged in the integration and promotion of fuel business, power generation business, trading business, and power retail business, with renewable energy as its core. The electricity retail business sells electricity to corporate and individual consumers nationwide from Hokkaido to Okinawa. The power generation business owns four biomass power plants in Saiki, Buzen, Ofunato, and Okinawa. The fuel business aims to utilize unused wood residues, rice husks, and other biomass fuels and strengthens external sales. The trading business works to procure stable and price-competitive electricity by combining procurement from wholesale electricity exchanges and other sources. The trading business also engages in electricity-related trading operations to reduce the risk of fluctuations in electricity market prices. The overseas business promotes the expansion of renewable energy businesses in Asian countries.