Inpex : The Katatsumuri Yama Power Plant of Oyasu Geothermal Co.,Ltd. (Yuzawa City, Akita Prefecture) was designated as an Important Power Development Site to be the first geothermal power plant by the Minister of Economy, Trade and Industry.
April 25, 2023 at 06:18 am
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April 25, 2023
To the Press
Idemitsu Kosan Co.,Ltd.
INPEX CORPORATION
Mitsui Oil Exploration Co., Ltd.
The Katatsumuri Yama Power Plant of Oyasu Geothermal Co.,Ltd. (Yuzawa
City, Akita Prefecture) was designated as an Important Power
Development Site to be the first geothermal power plant by the Minister of
Economy, Trade and Industry.
The geothermal power plant (Name: Katatsumuri Yama Power Plant, output: 14,990 kW, scheduled to start operation in March 2027) now under construction in Yuzawa City, Akita Prefecture by Oyasu Geothermal Co.,Ltd., a company established with investment by three companies: Idemitsu Kosan Co.,Ltd. (Head Office: Chiyoda-ku, Tokyo, Representative Director, President and Chief Executive Officer: Shunichi Kito), INPEX CORPORATION (Head Office: Minato-ku, Tokyo; President & CEO: Takayuki Ueda), and Mitsui Oil Exploration Co., Ltd. (Head Office: Chiyoda-ku, Tokyo, President & CEO: Hirotaka Hamamoto), became the first geothermal power plant to be designated as an "Important Power Development Site" on March 31, 2023.
Power plant construction site
Katatsumuri Yama Power Plant construction site in Yuzawa City, Akita Prefecture
The designation is in accordance with the "Regulations Concerning Designation of Important Power Development Sites" (Ministry of Economy, Trade and Industry Notification No. 31, February 18, 2005).
The Minister of Economy, Trade and Industry (METI) designates important power
development sites for the purpose of facilitating the formation of local consensus and the granting of licenses and approvals by the relevant ministries and agencies.
Through Oyasu Geothermal Co.,Ltd., the three companies explored the possibility of applying this program as a measure to contribute to Yuzawa City, the municipality where the power plant is located, and worked with Yuzawa City to prepare for the fulfillment of the requirements for designation. Taking advantage of the designation as an important power development site, we will further promote regional symbiosis and other initiatives.
The three companies will continue to proactively promote the dissemination and expansion of the use of renewable energy to contribute to the realization of energy security and a low-carbon society in Japan, as well as solutions to local issues and regional revitalization.
The project has received a subsidy from the Japan Organization for Metals and Energy Security (JOGMEC) for the initial survey and debt guarantee support for the borrowing for the construction of the power plant.
1. Overview of the Power Plant
(1)
Name:
Katatsumuri Yama Power Plant
(2)
Location
Yuzawa City, Akita Prefecture
(3)
Output
14,990kW
(4)
Power generation
Double flash method
method
(5)
Start of commercial
Scheduled for March 2027
operation
2. Overview of Oyasu Geothermal Co.,Ltd.
(1) Location
Yuzawa City, Akita Prefecture
(2) Title and name of
President and CEO: Jun Uchida
representative
(3)Capital
100 million yen
(4)Investment ratios
Idemitsu Kosan Co.,Ltd. (42.5%)
INPEX CORPORATION (42.5%)
Mitsui Oil Exploration Co., Ltd. (15%)
[Contact Information]
Idemitsu Kosan Co.,Ltd., Public Relations Department, Public Relations Section
Inpex Corporation published this content on 25 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2023 05:17:03 UTC.
Inpex Corporation is one of the Japanese largest oil groups. Net sales break down by activity as follows:
- production et distribution of oil (76.4%): 120.1 million barrels sold in 2021;
- production et distribution of natural gas (22%): 13.2 billion m3 sold;
- liquefied petroleum gas production (0.3%);
- other (1.3%).
Net sales are distributed geographically as follows: Japan (10.5%), Asia and Oceania (28.5%), Middle East and Africa (49.7%), Europe and CIS (9.4%) and Americas (1.9%).
Inpex : The Katatsumuri Yama Power Plant of Oyasu Geothermal Co.,Ltd. (Yuzawa City, Akita Prefecture) was designated as an Important Power Development Site to be the first geothermal power plant by the Minister of Economy, Trade and Industry.
INPEX CORPORATION 
