1st Transition Bond (May, 2022)Investor Relations / ESG Finance
Status of Funds allocated
Funds unallocated will be allocated as planned.
| Items | Contents |
|---|---|
| Funds raised | JPY 19.9 billion（the amount excluding issuing costs） |
| Funds allocated * | Total JPY12.4 billion
|
| Funds allocated for past expenditures | Total JPY11.0 billion
|
| Funds unallocated | JPY 7.5 billion |
* This information is as of the end of December 2022 for ammonia/hydrogen co-firing demonstration and as of the end of March 2023 for decommissions of existing inefficient thermal power stations .
Project overview and progress
Demonstration projects of fossil fuel and ammonia/hydrogen co-firing
| Project | Project Overview and Progress | |
|---|---|---|
| Demonstration study of 20% ammonia co-firing in a 1 million kW class coal-fired power plan | Project overview | Development and demonstration test of technology to convert 20% of fuel (calorific value ratio) to ammonia at Hekinan Thermal Power Station Unit 4 (Project period: June 2021 - March 2025). JERA and IHI to Start a Demonstration Project Related to Ammonia Co-firing at a Large-Scale Commercial Coal-Fired Power Plant | Press Release(2021) | JERA |
| Progress | Due to the project being smoothly implemented, the demonstration test will start in FY2023, about one year ahead of schedule. As of March 2023, the foundation work and laying of pipes are being carried out. | |
| Demonstration study on actual equipment to establish technology for high ammonia co-firing rate at commercial thermal power plants | Project overview | Development of a new ammonia high-efficiency burner and study on equipment specifications (~FY2024), and technical development and demonstration tests to convert more than 50% (calorific value ratio) of the fuel to ammonia at the Hekinan Thermal Power Station (Project period: FY2021 - FY2028). JERA and IHI Start a Demonstration Project of Technology to Increase the Ammonia Co-firing Rate at Hekinan Thermal Power Station | Press Release(2022) | JERA |
| Progress | Development of a new ammonia high-efficiency burner and equipment specifications are being studied as scheduled to determine whether the demonstration can be implemented by FY2024. | |
| Technical verification of hydrogen co-firing power generation for the construction of a large-scale hydrogen supply chain | Project overview | Demonstration tests at large-scale LNG-fired power plants in Japan to convert approximately 30% (by volume) of LNG into hydrogen for power generation (Project period: October 2021 to March 2026). JERA Starts Hydrogen Utilization Demonstration Project at an LNG Thermal Power Plant in Japan | Press Release(2021) | JERA |
| Progress | A specification study of the hydrogen supply and power generation facilities was carried out and it was found that trace substances (benzene, toluene, etc.) in the hydrogen may affect the gas turbine. Therefore, a hydrogen property assessment is planned to be carried out in a separate project to evaluate the impact. | |
Decommissions of existing inefficient thermal power stations, with the aim of replacement by high-efficiency thermal power stations
| Project | Project Overview and Progress | |
|---|---|---|
| Demolition of Goi Thermal Power Station | Project overview | Demolition of existing power generation facilities at Goi Thermal Power Station (LNG) (construction completion date: September 2023). |
| Progress | As of May 2023, work is well under progress. The completion of demolition is foreseen in September 2023. | |
Third-party Assessment of Eligibility
DNV Business Assurance Japan K.K., a third-party assessment agency, has conducted an assessment to evaluate compliance with various standards after transition bond issue.
Periodic review[682KB]