February 7, 2019 Read More →

Kyushu Electric Power: Japan scraps another coal-fired power plant

Market Screener:

Three Japanese energy giants have scrapped plans to build a 2GW coal-fired power plant in in the Chiba Prefecture, near Tokyo, citing the results of their feasibility study which determined the project would not be economically feasible.

The decision by Japanese petroleum company Idemitsu Kosan, energy company Kyushu Electric Power, and natural gas provider Tokyo Gas is further proof of a wide-scale shift away from traditional power generation technologies such as coal and nuclear for the island nation towards renewable energy technologies.

The three companies said a joint feasibility study found that the project cannot yield initially expected investment returns leading to a joint decision to cancel further feasibility studies of a coal-fired thermal power plant.

Kyushu Electric Power and Tokyo Gas, however, announced that they would continue a feasibility study for the construction of an LNG-fired thermal combined-cycle power plant to be built at the same location.

Market Screener: Kyushu Electric Power: Japan scraps another coal-fired power plant

Posted in: IEEFA In the News

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