Financing Programme for JCM Model Projects
and JCM Global Match
24th January 2024
Global Environment Centre Foundation (GEC)1

Agenda1234• JCM Model Projects Overview• Project Trend• JCM Global Match• Conclusion
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JCM Financing Programme Scheme

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JCM Model Projects Schedule in FY2023

From April 66 to November
29 30 : Proposal Acceptance Period

4International Consortium

International consortium

Jointly implement a JCM model project

Partner participant(s)Representative participant（Shall be a Japanese entity）
Main role : Overall project management(At least one local entity
shall be a partner)

Order
Main role : Installation & management offacilities

EPC contractor➢ Consortium must include both anowner and user of facility
installed by the model project.

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Scope of Financing and Eligible Projects

What kind of projects are supported by Financing Programme?
⇒Excerpt form Guidelines for Submitting Proposals(a)(tentative)2023_Guidelines_for_Submitting_Proposals.pdf (gec.jp)
Projects that reduce energy-related CO2 emissions with leading decarbonizing
technologies in the partner countries or developing countries, with which Japan has
signed, and that are expected to contribute to achieving Japan’s NDC through the JCM;(b)

Projects contribute to realization of SDGs (Sustainable Development Goals). The
installation and operation of the facilities/equipment shall comply with the relevant laws
and regulations of the partner country and international practices and guidelines
regarding the environmental and human rights protection.

(c)Reduction of GHG emissions achieved by the projects can be quantitatively
calculated and verified.

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Categorization by applied technology type and Support

Maximum Percentage ofFinancial Support
Number of selectedproject(s) using asimilar technology ineach country01 to 3
More than 3

Percentage offinancial support
Up to 50%
Up to 40%
Up to 30%

7Cost-effectiveness of emission reductions

JPY4,000/tCO2equivalent※ Legal durable years of the facilities is stipulated by the Japanese law,and are dependent on the industry classification.

JPY3,000/tCO2equivalent
In case the number of similar technological Projects in each country is 5 to 9.

JPY2,500/tCO2equivalent
In case the number of similar technological Projects in each country is 10 or more.

Solar power projects in Mongolia, Indonesia,
Palau and Philippine
Chiller projects in Viet Nam Indonesia, andThailand
Solar power projects in Viet Nam and Chile
Hydropower projects in Indonesia

JPY2,000/tCO2equivalent
In case the number of similar technological Projects in each country is 20 or more.

NOTE: Cost effectiveness guide for a solar power project : 2,500JPY/tCo2eq
Hydropower project : 500JPY/tCo2eq

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Agenda1234• JCM Model Projects Overview• Project Trend• JCM Global Match• Conclusion
9JCM Model Projects Selected in 2023

PartnerCountry

Representative Participant

Project NameSector

Estimated GHGReduction（tCO2/year）

Introduction of 0.5MW Rooftop Solar Power System to
Automotive Parts Factory (JCM Eco Lease Scheme)

Renewable Energy

Introduction of 6MW Power Generation System by Waste
Heat Recovery for Cement Plant

Effective Use ofEnergy

21,24527MW Solar Power Project in Dagohoy, Bohol Island

Renewable Energy

20,395

Philippines Tokyo Century Corporation

Introduction of 1.2MW Rooftop Solar Power System toElectronic Equipment Assembly Factory (JCM Eco LeaseScheme)

Renewable Energy

697

Indonesia

AURA Green Energy Co.,Ltd

12MW Biomass Power Plant Project in Aceh Province,Sumatera

Renewable Energy

33,573

Indonesia

AGC Inc.

Improvement of Combustion Method and Furnace Shapes
in Flat Glass Production Melting Furnace

Energy Efficiency
Improvement

5,747

Indonesia

Alamport Inc.

Introduction of 3MW Rooftop Solar Power System to Paper
Renewable Energy
Factory in Java Island

2,182

Farmland Co., Ltd.

26.3MW Solar Power and 48 MWh Storage Battery Project
Utilizing Farmland in the Metropolitan Area and O’Higgins
Region20,197

Mexico

BOT Lease Co., Ltd.

Philippines Global Engineering Co., Ltd.
PhilippinesChile

Kyuden InternationalCorporation

Renewable Energy

39210

Projects by Sector
Projects by Sector
Projects by Sector
130
3, 1%

11, 5%

3, 1%124
86, 37%130, 56%908586101182
Energy saving

Renewable energy

Energy Efficiency Improvement

Waste to Energy

76

Transportation

7371

6861
55534032302412613311512610510

FY2013

FY2014FY2015FY2016FY2017

Energy saving

12Renewable energy

888832

32

32

333

FY2018FY2019FY2020

FY2021

FY2022

FY2023

Energy Efficiency Improvement

Waste to Energy

Transportation

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Renewable Energy Projects

Renewable Energy Sector

Projects by Sector

3

7, 5%

11386

9, 7%
130

13, 10%101, 78%

PVHydro

BioOthers

Energy saving

Renewable energy

Energy Efficiency Improvement

Waste to Energy

Transportation

12Energy Saving Projects
Electrolyzer in Chlorine
Production, 2

Wire Stranding Machines, 1Autoclave, 2Multi-effectDistillation System, 1Battery Case Forming Device, 1

Air Conditioning
System, 7

Old Corrugated Cartons
Process, 1
Freaquency Inverter for Pump, 2Air Conditioning
Control System, 2Injection Modling Machine, 1Loom, 4Gas Fired Melting Furnace, 1Chiller, 18Gas Fired Furnace, 1Regenerative Burners , 1
Aeration System, 1
Air Compressor, 2Pump, 1LED Lighting with Dimming
System, 4Refrigerator, 7
LED Lighting, 3Transformer , 5Absorption Chiller UsingWaste Heat, 4Swirling Induction Type Airconditioning System, 1Heat Exchanger, 1Waste Heat Recovery System, 3Boiler, 13

Water Heater Using
Waste Heat, 1
Double Bundle-type
Heat Pump, 3Fridge and Freezer Showcase, 2Heat Medium Boiler, 113

JCM Model Project（FY2023） Partner Country: Indonesia
Improvement of Combustion Method and Furnace Shapes in Flat Glass Production Melting Furnace
PP (Japan): AGC Inc.
PP (Indonesia): PT ASAHIMAS FLAT GLASS Tbk
Outline of GHG Mitigation Activity

Under Port BurnerDam Wall

In a flat glass production process, a large amount of fossil
fuel is consumed mainly in the melting process of raw
materials. Therefore, improvement in this energy
efficiency greatly contributes to reduction of greenhousegas (GHG) emissions.
In this project, a furnace structure is improved to saveenergy consumption by the following two changes.
A. Change in combustion method:
Through port burner ⇒ Under port burner
B. Change in the melting tank floor structure:
Flat structure ⇒ Dam wall structure

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JCM Model Project（FY2022） Partner Country: Indonesia
Introduction of High-efficiency Once-through Boiler System to Chemical Factory
PP (Japan): DIC Corporation
PP (Indonesia): PT. DIC GRAPHICS
Outline of GHG Mitigation Activity

Steam header

This project reduces energy consumption andgreenhouse gas (GHG) emissions by installing
natural gas-fired high-efficiency once-throughboiler system in the factory where coal-fired
boiler mainly has been used.

Waste heat recovery
leads to efficiency
improvement

BlowerAir

NaturalGas

EconomizerWater

No sootremains highefficiency
Improvement of boiler efficiency with air ratio
control15

JCM Model Project（FY2023） Partner Country: Philippines
Introduction of 6MW Power Generation System by Waste Heat Recovery for Cement Plant
PP (Japan): GLOBAL ENGINEERING Co., Ltd.
PP (Philippines): REPUBLIC CEMENT & BUILDING MATERIALS, INC.
Outline of GHG Mitigation Activity

This project introduces a 6MW waste heat recovery
power generation system in the existing cement
manufacturing plant in Bulacan in the Central Luzon
region. The system makes use of the unused waste heat,
which is released during the calcining process of cement
production, to generate electricity and effectively
reduces electricity from fossil fuel, resulting in thereduction of greenhouse gas (GHG) emissions.
This Waste heat recovery power generation technology
is selected for a JCM Model Project in the Philippines forthe first time. This project also contributes to the nation’sRoadmap, “The Philippine Sustainable FinanceRoadmap” launched in 2021, which focuses on thetransition to a low carbon economy.

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JCM Model Project（FY2022） Partner Country : Thailand
Introduction of Gas Co-generation System and 22MW Rooftop Solar Power System to Tire Factory
PP (Japan): The Kansai Electric Power Company, Incorporated
PP (Thailand): Kansai Energy Solutions (Thailand) Co., Ltd.
Outline of GHG Mitigation Activity【Before】
A Gas Co-generation System (6.6MW class ×2 units) and a Rooftop Solar Power System(total of about 22 MW) are installed to the tire
factory, and all the generated power andGrid power
Electricity
steam are supplied to replace those
consumed in the factory.
These high-efficient systems and renewable
Steam
energy sources realize energy saving, stableenergy supply, and reduction in green house
Boilergas (GHG) emissions.

【After】
Grid power
PV Module
Electricity

InverterGas turbine
Remotemonitoring

Steam

Heat recovery steam generator

17JCM Model Project（FY2021）Partner Country : Thailand35MW Solar Power and Storage Battery Project in Suphanburi Province
PP (Japan): Kanematsu KGK Corp.
PP (Thailand): Blue Solar Co., Ltd., Blue Solar Farm 2 Co., Ltd.
Outline of GHG Mitigation Activity
This project installs 35MW solar power systemand 36MWH energy storage system inSuphanburi province. The electricity
generated by solar power utilizes storage
batteries to supply electricity to the grid
systematically. In daytime, the plant supplies
electricity to the grid, and charged power is
supplied to the grid during evening time. Theproject contributes to Thailand’s target toreduce greenhouse gas (GHG) emissions byshifting power resource to renewable energy
from fossil fuel.

35MW Solar Power PlantIllustration※導入する設備等の写真又はイラストがあれば入れてください。

36MWH Energy Storage
System18

JCM Model Project（FY2022）

Partner Country: Philippines

28MW Binary Power Generation Project at Mahanagdong Geothermal Power Plant
PP (Japan): JGC Corporation
PP (Philippines): Energy Development Corporation
Outline of GHG Mitigation Activity

The project involves the introduction of a new 28
MW binary geothermal power plant to the existing
120 MW flash geothermal power plant owned andoperated by the partner participant in theMahanagdong district of Leyte Island. As asuperior decarbonization technology, Organic
Rankine Cycle technology is adopted to enable
geothermal power generation at relatively low
temperatures, resulting in clean and stable power
generation.
This project contributes to the achievement ofPhilippines‘ policy for a renewable energy ratio
target of 35% in 2030.

Note to the picture:
Upper right：Existing
flash type geothermal
power plant
Red Frame：New binary
geothermal power plant

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JCM Model Project（FY2022）

Partner Country :Vietnam

16MW Mini Hydro Power Plant Project in Binh Thuan ProvincePP (Japan): Kanematsu KGK Corp.
PP (Vietnam): SONG LUY ENERGY JOINT STOCK COMPANY.
Outline of GHG Mitigation Activity

This project installs 16MW (2 of 8MW) minihydro power plant systems with Vertical
Francis Turbines in Binh Thuan Province.
The electricity generated by the hydro power
plant is sold to the grid.
The project contributes to Vietnam’s target toreduce greenhouse gas (GHG) emissions byreplacing grid power for renewable energy.
This project also contributes to growths inenergy supply and economy in the region.

Illustration※導入する設備等の写真又はイラストがあれば入れてください。

Vertical Francis Turbine
To be installed

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JCM Model Project（FY2022）

Partner Country :Vietnam

20MW Biomass Power Plant Project in Hau Giang Province
PP (Japan): eREX Co., Ltd.
PP (Vietnam): Hau Giang Bioenergy Joint Stock Company

Outline of GHG Mitigation Activity
In Hau Giang Province, a 20 MW biomass power plant
project is to generate power by burning rice husks
produced in the adjacencies. The electricity is sold tothe Vietnam Electricity to replace the grid power and toreduce greenhouse gas (GHG) emissions.
This is the first biomass power plant for commercial
use in Vietnam and contributes to the country toachieve its Paris Agreement goal to "reducegreenhouse gas emissions by 9% in 2030 comparedto cases where no counter measures are taken."

Steam Turbine
Generators

Combustion
Boilers

Fuel Supply
SystemCooling
System21

1234• JCM Model Projects Overview• Project Trend• JCM Global Match• Conclusion

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JCM Global Match enhances the efficiency of your project development
specializing in the JCM financing programme.

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3 things you can do at “JCM Global Match”

After registration, you can…

132FIND ADVERTISE DISCUSS

Potential partnerYour company toother users

Your business plan24

2. 3 things you can do at “JCM Global Match”

You can also obtain company lists by 2 ways.
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*Top page25

2. 3 things you can do at “JCM Global Match”

To promote better,
you can create“My specialties”
card after registration.

SelectWrite26

2. 3 things you can do at “JCM Global Match”“Open Discussion” is also the place you canadvertise your products and services freely.

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JCM Global Matchhttps://gec.force.com/JCMGlobalMatch/

JCM GlobalMatch28

Consultation with GEC
Please let any enterprize who may plan a JCM Model project in your country know about this information.

Consult GEC anytime during the year (except for evaluation period.）
Consultation Form (part)
Please fill out the Consultation Form which URL is shown
here GEC_Consultation_Form_2023_en.docxas much as possible and send
it to jcm-info@gec.jp for free of charge consultation online oroffline. Your email title should be “Consultation on application for JCM ModelProject (Your company name).”

GEC will support you by answering to your questions and offer
practical advices on points like below:➢Sample points of consultation✓ Definition of Eligible Project and advanced technologies✓ International Consortium✓ MRV methodologies to calculate reduction in GHG emission✓ Legal durable years, maximum percentage of financial support, and costeffectiveness✓ Plan to obtain necessary financing, concession, licenses, etc.
✓ Reasons financial soppurts are needed, Profitability

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Agenda1234• JCM Model Projects Overview• Project Trend• JCM Global Match• Conclusion
30

Infrastructure through JCM31

Thank you for your attention!
ありがとうございました。
Global Environment Centre Foundation(GEC) Tokyo Office
4th Floor, Hongo Ozeki Bidg 3-19-4, Hongo, Bunkyo-ku,
Tokyo 113-0033, JAPAN
Phone : +81-3-6801-8860 / FAX : +81-3-6801-8861
E-mail :jcm-info@gec.jp
URL : http://gec.jp/

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