JERA and Toho Gas Conclude an Implementation Agreement Concerning the Joint Development and Operation of the Chita Thermal Power Station Units 7 and 8 Construction Plan2024/12/23
JERA Co., Inc. (“JERA”) and Toho Gas Co., Ltd. (“Toho Gas”) hereby announce that they have decided to invest in the Chita Thermal Power Station Units 7 and 8 Construction Plan*1 that JERA has been pursuing, and have today concluded an agreement to implement its joint development and operation.
JERA has studied the Chita Thermal Power Station Units 7 and 8 Construction Plan to date, and now JERA and Toho Gas will jointly invest in the establishment of a joint venture company to implement the plan with the intention of starting operations at Chita Thermal Power Station Units 7 and 8 in FY 2029. As a state-of-the-art thermal power plant boasting world-leading power generation efficiency, the Chita Thermal Power Station will work to mitigate environmental impact, including through the reduction of CO2 emissions.
Going forward, both companies will apply their respective expertise and resources to further enhance the value of the project, moving the project forward with the understanding of local communities and other stakeholders as we aim to provide a stable supply of competitive energy and contribute to achieving a decarbonized society.
Overview of the Chita Thermal Power Station Units 7 and 8 Construction Plan
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Site Location |
23 Kitahama-machi, Chita-shi, Aichi-ken (Within the grounds of the JERA Chita Thermal Power Station) |
|
Generation Capacity |
659.9 MW x 2 Units (1,319.8 MW) |
|
Fuel |
LNG |
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Generation Method |
Gas Turbine Combined Cycle (Gas turbine combustion temperature: 1,650°C-class) |
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Start of Operations |
Unit 7: Scheduled for Oct. 2029 Unit 8: Scheduled for Jan. 2030 |
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Thermal Efficiency |
Approx. 64% (Lower heating value) |
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Joint Venture Ownership Ratio |
JERA Power Investment LLC*2 (75%), Toho Gas (25%) |
*1 Pursuant to the Environmental Impact Assessment Act, in Oct. 2024 JERA submitted its draft environmental impact assessment to the Minister of Economy, Trade, and Industry, the Governor of Aichi Prefecture, the Mayor of Chita City, and the Mayor of Tokai City.
*2 A wholly owned subsidiary of JERA established in Sep. 2017 to carry out the investment and financing of JERA’s new thermal power plants in Japan.
Conceptual Rendering and Site Location
