September 3, 2019 / 9:22 AM / a year ago

Tokyo Gas, Kyushu Elec form JV to consider building gas-fired power plant

TOKYO, Sept 3 (Reuters) -

* Japan’s Tokyo Gas and Kyushu Electric Power have formed a company to consider building a gas-fired power station at Sodegaura in Chiba, near Tokyo, they said on Monday.

* The move comes after the two companies and Idemitsu Kosan Co Ltd scrapped a plan in January to build a 2 gigawatt (GW) coal-fired power station at the same site, saying it was not economically feasible. The site is owned by Idemitsu.

* The new company, owned 50% each by Tokyo Gas and Kyushu Electric, plans to make a final investment decision on the power station between 2020 and 2024, with an aim to start operation in later half of 2020s, a spokesman of Tokyo Gas said.

* The plant with a generation capacity of up to 2 GW will use liquefied natural gas (LNG) as feedstock

* Tokyo Gas and Kyushu Electric did not provide any financial details. (Reporting by Yuka Obayashi; Editing by Subhranshu Sahu)

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