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over 3.5 GW. Airlines Berhad (MAB) to install solar panels BIOMASS
“The project is part of ADB’s ongoing on four of MAB’s buildings at Kuala Lumpur
support to India’s renewable energy sector International Airport (KLIA). Marubeni, Chubu Electric
and will help the Government of India meet Under the Solar Supply Agreement, MAB
its targets for clean power generation. We is expected to save almost RM15mn ($3.6mn) to develop wood biomass
are pleased to enhance our commitment in in electricity bills throughout a 21-year
AEPL and expect this investment to send period. power plant in Japan
positive signals to global investors to continue The solar photovoltaic (PV) panels to be
supporting the growth of renewable energy in installed will have a capacity of 2.210MWp, Marubeni Corporation and Chubu Electric
India,” said Shantanu Chakroborty, Director capable of generating about 2.86GWh of clean Power have established a special purpose
of Infrastructure Finance, South Asia, Central energy per year. The project is the largest company, Gifu Seino Green Power (GSGP), to
Asia, and West Asia at ADB’s Private Sector installation at a single site for GSPARX. develop a wood-based biomass power plant in
Operations Department. The project will benefit MAB in its long- Japan’s Gifu Prefecture.
In November 2019, PROPARCO, a term pursuit of reducing CO2 emissions. On 25 September, GSGP signed a pollution
French development financial institution, Once completed in April 2021, the green control agreement with Godo Town, where
also announced a $15mn equity investment energy generated from the project is the plant will be built, and a loan agreement
in Avaada Energy. PROPARCO provides expected to offset about 2,022 metric ton of with Ogaki Kyoritsu Bank and Juroku Bank.
funding and support to both businesses and carbon dioxide emission for the first year, The project is to build and operate a wood-
financial institutions across Africa, Asia, Latin or approximately 56,638 metric tonnes based dedicated biomass power plant with
America, and the Middle-East. of emissions until 2050. This translates to a power generation output of 7,500 kW that
Notably, Mercom’s 1H and Q2 2020 Solar approximately 12,197 cars taken off the road mainly uses unused thinned wood produced
Funding and M&A Report stated that globally or 933,520 trees grown. in Gifu Prefecture.
solar companies have raised corporate “TNB has taken a firm position with its In the future, based on the pollution
funding (including venture capital funding, recently renewed aspiration to be a leading control agreement, the organisation will work
public market, and debt financing) of $4.5bn provider of sustainable energy solutions in with Godo Town on pollution prevention and
compared to $6bn in 1H 2019, a 25% drop Malaysia and internationally. To this end, environmental conservation efforts.
year-over-year. we will be driving a significant shift in our It is hoped the plant will begin operations
generation portfolio towards more renewable in March 2023.
sources, and have
TNB, Malaysia Airlines sign commissioned Jimah East Power Plant in
stated our intent to make the recently
2MW solar agreement Negeri Sembilan, TNB’s last greenfield coal-
fired power plant,” said TNB president and
Tenaga Nasional Berhad (TNB), through its CEO, Datuk Seri Amir Hamzah Azizan.
renewable energy retail arm GSPARX Sdn
Bhd, has signed an agreement with Malaysia

Week 39 30•September•2020 www. NEWSBASE .com P15