Five companies will construct coal power plants in Fukushima

21/08/2015 08:18 Electricity Market


Five companies have joined forces to construct two 540MW coal-fired power plants in Fukushima.

The project was started with the intention of establishing an industrial base and opening up job opportunities to sustain local economic recovery. They will employ an integrated coal gasification combined-cycle (IGCC), which the firms say is the “next-generation clean coal technology”. They anticipate it to reduce CO2 emissions by approximately 15% in comparison with the newest conventional coal-fired power plant. Among the companies are: Tokyo Electric Power Company (TEPCO), Mitsubishi Heavy Industries, Mitsubishi Corporation, Mitsubishi Electric Corporation and Joban Joint Power. One of the IGCC facilities will be constructed at TEPCO’s Hirono Thermal Power Station and the other at Joban Joint Power Company’s Nakoso Thermal Power Station. Functioning as the “Fukushima Revitalisation Power Consortium”, the firms will be working to implement the project with operations to launch in the early 2020s. Lately global nuclear production increased for first time since Japan’s Fukushima disaster in 2014. The first nuclear power plant to re-open in Japan after the Fukushima accident started to produce electricity recently.

Daily (16.09.2019): NBP spot soared by over 13% on Friday amid higher demand after official order to cut Gazprom’s flows

16/09/2019 11:55:00

Crude oil prices traded lower on Friday, amid worries over global economic slowdown and thinner oil demand. WTI futures fell by 0.4% to $54.85 a barrel, while Brent crude edged 0.3% down at $60.22 a barrel, heading for the first weekly fall in three and five weeks respectively. Nevertheless, crude prices are expected to spike after a drone attack on two Saudi Aramco oil facilities on Saturday, which slashed by 50% Saudi Arabia’s oil output, or the equivalent of 5% in the global oil supply.


EBRD extends renewable energy programme for Kazakhstan

16/09/2019 09:27:00

The EBRD is pledging fresh funds to support Kazakhstan’s drive as a regional leader to promote renewable energy, with the help of a second phase of the Bank’s Kazakhstan Renewables Framework of up to €300 million, the Bank reported.


Germany's Notus to add 270 MW wind capacity in Ukraine

16/09/2019 09:24:00

Germany-based Notus Energy Group intends to build 270 MW of wind parks in Ukraine that will kick off operations by 2021, it said last week.