December 4 (Renewables Now) - Japanese conglomerate Mitsubishi Corporation (TYO:8058) announced today that it plans, together with partners, to convert a 112-MW coal-fired power plant in Shizuoka Prefecture to biomass.
The project concerns facilities owned by Suzukawa Energy Center Ltd, which is 70%-owned by Mitsubishi Corporation Power Ltd (MC Power). Nippon Paper Industries Co Ltd (TYO:3863) and Chubu Electric Power Co Inc (TYO:9502) hold respective stakes of 20% and 10% in the firm that was launched in September 2013 to operate the Suzukawa Energy Center Power Station.
Mitsubishi said in a statement that it has reached an agreement on the procurement of wood pellets for the plant and completed arrangements for non-recourse project financing. The company noted that new equipment will be installed as part of the conversion project, including turbine and fuel conveyance equipment, and fuel storage.
Dedicated wood-pellet power generation is planned to begin in April 2022.