Five companies will construct coal power plants in Fukushima

21/08/2015 08:18 Electricity Market

news

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.

European gas prices set to slump

19/02/2020 09:09:00

Earlier this month analysts sounded the alarm for European natural gas prices when it turned out that a lot of Asian buyers are turning down LNG cargoes and Europe is taking these in, filling up its storage space. Now, everyone seems to be wondering when prices will bottom out, if they will bottom out at all.

<READ MORE

Daily (18.02.2020): Carbon prices above the €25-threshold amid a bullish wider energy complex

18/02/2020 10:08:00

Crude oil futures edged higher on Monday as the coronavirus-related demand worries have been offset by output cuts from major oil producers. Brent crude rose by 35 cents, or 0.6% to settle at $57.67 a barrel. U.S WTI crude increased by 0.5% to end at $52.31 a barrel. However, trading volumes were thin due to the U.S. Presidents’ Day holiday.

READ MORE

ScottishPower announces 100% green electricity tariffs

18/02/2020 09:22:00

Energy supplier ScottishPower has announced that from today domestic fixed-price tariffs will be supplied by 100% green electricity generated by the company’s own UK windfarms.

READ MORE