Green Bond Fact Sheet

This fact sheet details a JPY 15.7 billion green loan issued by M&C Tottori Hydroelectric Power Co., Ltd. on July 31, 2020, to fund the redevelopment of hydropower plants in Tottori Prefecture, Japan.

• M&C Tottori Hydroelectric Power Co., Ltd. issued a green loan totaling JPY 15.7 billion (USD 144.3 million) on July 31, 2020, with a maturity date of October 25, 2043, and a tenor of 23.2 years.
• The loan proceeds are designated for the redevelopment costs of hydropower plants in Tottori Prefecture, specifically to extend the operational life of existing stations and enhance their power generation performance.
• M&C Tottori Hydroelectric Power Co., Ltd. is a special purpose company formed in May 2020 as a joint venture between Mibugawa Electric Power Co., Inc (47.2%), Chubu Electric Power Co., Inc. and Chubu Co., Ltd. (47.2%), and Miho Technos Co., Ltd. (2.8%).
• The transaction represents the first Japanese hydro private finance initiative (PFI) debt and was funded via a syndicate loan led by Sumitomo Mitsui Banking Corporation.
• The issuer will provide annual reporting to investors and R&I (Japan), covering the allocation status of proceeds and impact metrics such as annual power generation and annual CO2 emission reductions.

APA

Climate Bonds Initiative (2020). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2020-07_JP_M%26C_Tottori_Hydroelectric_Power_Co_Ltd.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2020. https://www.climatebonds.net/files/drupal-files/files/2020-07_JP_M%26C_Tottori_Hydroelectric_Power_Co_Ltd.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=31 July 2020 |url=https://www.climatebonds.net/files/drupal-files/files/2020-07_JP_M%26C_Tottori_Hydroelectric_Power_Co_Ltd.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2020green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2020}, month = jul, url = {https://www.climatebonds.net/files/drupal-files/files/2020-07_JP_M%26C_Tottori_Hydroelectric_Power_Co_Ltd.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }