Chugoku Electric Mulls Building Thermal Power Plant In Tokyo Area

Chugoku Electric mulls building thermal power plant in Tokyo areaChugoku Electric Power Co. serving part of western Japan is considering building a large thermal power plant in the Tokyo metropolitan area jointly with Tokyo Gas Co. and JFE Holdings Inc., sources familiar with the matter said Sunday.

The Hiroshima-based power company is aiming to increase its revenue sources by taking advantage of the planned full liberalization of the country's electricity retail market in 2016 as prospects remain uncertain for restarting its nuclear reactors due to the government's stringent safety checks.

Chugoku Electric plans to participate in a tender to be held during fiscal 2014 ending next March for construction and operation of a thermal power plant in Tokyo Electric Power Co.'s service area, they said.