Press Release
June 08, 2023
- Global Environment
Approval of additional grant financing from the Japan Fund for the Joint Crediting Mechanism to the Geothermal Power Generation Project in Indonesia by the Asian Development Bank
1. On June 1, 2023, the Asian Development Bank (ADB) approved an additional grant financing from the Japan Fund for the Joint Crediting Mechanism (JFJCM) to the Geothermal Power Generation Project in Indonesia.
2. In cooperation with the Government of Indonesia, the Ministry of the Environment (MOE), Japan and ADB will proceed with the procedures to register this project as a Joint Crediting Mechanism (JCM) project.
*MOE Japan provided financial contributions to establish JFJCM as a trust fund within ADB in FY2014. Since then, JFJCM has been promoting the development of JCM projects in order to diffuse leading decarbonization technologies in JCM partner countries in Asia and the Pacific.
■ Background
MOE Japan has funded the JFJCM, established in ADB in FY2014, in order to promote the diffusion of leading decarbonizing technologies, among others, using the ADB’s portfolio. By reducing additional costs of leading decarbonizing technologies, MOE Japan contributes to the diffusion/expansion of these technologies in developing countries in Asia, and promotes the formulation of JCM projects. Since 2020, ADB has been implementing a project to support the development of geothermal power generation plants in Dieng, Central Java, and Patuha, West Java, Indonesia. To promote the integration of advanced decarbonizing technologies in the Patuha plant, ADB has approved the additional financing to introduce technologies to improve power generation efficiency and reduce performance degradation at the power plant using JFJCM.
This project is the first case of using JFJCM in Indonesia.
This project is the first case of using JFJCM in Indonesia.
■ Overview of the Case Selected
| (1) Country/region where the project will be implemented | ・Patuha, West Java, Republic of Indonesia |
| (2) Overview of technologies to be introduced | ・Anomaly predictive diagnosis using IoT and AI technologies ・Highly efficient steam turbine design ・Direct drive motor for cooling tower fans ・Hybrid-type cooling tower filling ・Monitoring of the temperature distribution inside cooling towers using optical fibers |
| (3) Expected amount of emission reductions | ・Approx. 274,000 tCO2-equivalent per year |
(Reference) Joint Crediting Mechanism (JCM)
The Joint Crediting Mechanism (JCM) was established in order to quantitatively evaluate contributions of Japan to greenhouse gas emission reductions and removals, which are achieved through the diffusion of, among others, leading decarbonizing technologies, products, systems, services, and infrastructures, as well as through the implementation of measures in developing countries and others, and in order to use such contributions to achieve Japan’s NDC. At present, Japan implements the JCM with 26 countries (Mongolia, Bangladesh, Ethiopia, Kenya, Maldives, Viet Nam, Lao PDR, Indonesia, Costa Rica, Palau, Cambodia, Mexico, Saudi Arabia, Chile, Myanmar, Thailand, Philippines, Senegal, Tunisia, Azerbaijan, Moldova, Georgia, Sri Lanka, Uzbekistan, Papua New Guinea, and the United Arab Emirates).