ANNOUNCEMENT 21 Feb 2017

On February 21th, 2017, Japan Oil, Gas and Metals National Corporation (JOGMEC) created a subsidy program to support Japanese geothermic energy producers. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

JOGMEC (2017) 平成29年度「地熱資源量の把握のための調査事業費助成金交付事業」の採択結果について「Adoption of 2017 "Survey Project Cost Grant Project for Grasping Geothermal Resource Volume"」
Available at
http://www.jogmec.go.jp/news/release/news_06_000329.html

More information on the program can be found here
http://www.meti.go.jp/main/yosan/yosan_fy2017/pr/energy/e_enecho_f_01.pdf

Inception date: 20 Oct 2017 | Removal date: open ended
Still in force

Financial grant

On February 21st, 2017, Japan Oil, Gas and Metals National Corporation (JOGMEC) created a subsidy program for geothermic energy production which will support companies by providing subsidies for the expenses required for ground surveys, geophysical exploration, geochemical exploration, drilling, and construction. This program has a budget of 10 billion yen (89.7 million USD). As of October 20th, 2017, 27 geothermic-related corporations have utilized this subsidy program.

The subsidy rates vary depending on the scale of the project and corporation...

Large-scale development (geothermal resource development business etc.)
- Expenses:  Subsidy rate of 3/4
- Expenses required for the preliminary survey: subsidy rate of 10/10
Expense required for drilling & construction: subsidy rate of 3/4 (Priority Development Area) 2/3 (Non- Priority Development Area)
- Expenses required for monitoring survey: subsidy rate of 10/10
 
Other than large-scale development (conventional development)
- Expenses: subsidy rate of 3/4
- Expenses required for the preliminary survey: 
subsidy rate of 10/10
- Expense required for drilling & construction: 
subsidy rate of 1/2
- Expenses required for monitoring survey: 
subsidy rate of 10/10
 
Local geothermal-related corporation
- Expenses: subsidy rate of 3/4
- Expenses required for the preliminary survey: subsidy rate of 10/10
- Expense required for drilling & construction: subsidy rate of 3/4
- Expenses required for monitoring survey: subsidy rate of 10/10

 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A