ORIX to commence commercial feasibility study

ORIX Corporation will commence a commercial feasibility study on geothermal power generation business in both Hakodate city in Hokkaido prefecture and Kazamaura village, Shimokita county in Aomori prefecture.

ORIX is currently considering building small-scale geothermal power plants with the capacity of 2MW in both of the aforementioned locations. After obtaining approval from the local community, and with the Geothermal Resource Survey subsidy sponsored by Japan Oil, Gas and Metals National Corporation (JOGMEC), an independent administrative agency, ORIX will conduct survey to verify commercial feasibility of the business. The survey to be conducted in Hakodate city, Hokkaido, is the initial-stage survey or the first phase in the geothermal power generation survey. The survey to be conducted in Kazamaura village, Shimokita county, in Aomori prefecture is the physical exploration, which is the second phase in the survey process.

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