JERA Co., Inc has recently declared that it has submitted to the Japanese Ministry of Economy, Trade and Industry a new Electricity Supply Plan for fiscal year 2016 that adds the development of approximately 5,590MW of thermal power generation capacity (“the Plan”). The power generation capacity included in the Plan comprises replacement of aging thermal power plants currently owned by TEPCO Fuel & Power, Incorporated. The generation capacity by fuel type added under the Plan is as follows: Liquefied natural gas (LNG): approx. 4,290MW and Coal: approx. 1,300MW.
JERA intends to apply to its power generation business in Japan the global know-how accumulated through its participation in the overseas IPP business, including in regard to power plant construction, operation and maintenance, project structuring and contracts, and financing.
JERA will continue to progress the details of the development of the announced power plants, as well the details for wholesaling the power to be produced, with the goal of delivering a globally competitive supply of energy, contributing to a low carbon society, and supporting the development of robust competition in the domestic electricity market.