March 27, 2015 Idemitsu Kosan Co., Ltd. Kyushu Electric Power Company Inc. Tokyo Gas Co., Ltd. |
Agreement of Joint Development of a Coal-fired Power Plant |
Idemitsu Kosan Co.,Ltd. (Representative Director and CEO: Takashi Tsukioka), Kyushu Electric Power Company Inc. (President: Michiaki Uriu), and Tokyo Gas Co., Ltd.(Representative Director and President: Michiaki Hirose) have all agreed to jointly proceed with preparations for the development of a coal-fired power plant. As a result of this, the plan is to establish a special purpose company (SPC) aiming for May this year. In accord with full liberalization of entry to the electricity retail market, we, the three companies, will make use of the strengths in the value chains that we each possess to implement a more safe, stable, and competitive electric power supply to meet social demands and expectations as energy companies. Furthermore, we will do our best with regard to environmental measures and contribute to the regional economy as well.
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