OREANDA-NEWS. Idemitsu Kosan Co.,Ltd., Kyushu Electric Power Company Inc., and Tokyo Gas Co., Ltd. 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 the electric power retailing, 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, Tokyo Gas will do our best with regard to environmental measures and contribute to the regional economy as well.