22 Mai 2013
May 22, 2013
Energy companies to build thermal power plant
Two of Japan's biggest energy companies are cooperating to build a thermal power plant.
Officials at Tokyo Electric Power Company and Chubu Electric Power Company are in the final stages of negotiating the deal. They reportedly plan to sell the electricity outside their respective service areas.
This is a rare move for Japanese power companies, which are strictly regulated.
The 600-thousand-kilowatt coal-fired generator would be built in TEPCO's thermal power compound north of Tokyo.
Under the deal, TEPCO would sell about 70 percent of the electricity to businesses in the Tokyo metropolitan area. Chubu Electric would sell the remainder.