JERA to sell share in Goreway Gas Combined Cycle Thermal IPP Project 2019/05/07

JERA Co., Inc. (“JERA”) and Toyota Tsusho Corporation (“Toyota Tsusho”), participants Goreway Gas Combined Cycle Thermal IPP Project in Ontario, Canada, have reached an agreement to sell their respective shares in the project to Capital Power Corporation. The transaction is expected to be completed in or around June 2019. JERA will continue to realize an appropriate assets composition and seek growth in profit in response to changes in the business environment by optimizing the whole portfolio, while reinvestment utilizing with proceeds from sales of assets.

Outline of Capital Power Corporation

Location: Edmonton, Alberta, Canada

Representative: Brian Vaasjo (President and Chief Executive Officer)

Established: 1891

Detailed: A major power generator in Canada, owned approximately 5.1GW of power generation capacity at 25 facilities in North America. Listed on the Toronto Stock Exchange.

Outline of Goreway Gas Thermal IPP Project (As of 7 May 2019)

Corporate name: Goreway Power Station Holdings

Investment(ratio): Toyota Tsusho Corporation: JERA Co., Inc., 50:50

Location: Suburb of Toronto, Ontario, Canada

Generation capacity: 875 MW

Generation type: Gas combined cycle

Commercial Operation: June 2009