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Our Business / Investment ProjectsTenaska Gas Thermal IPP Project

Investment Projects

Tenaska Gas Thermal IPP Project

In 2010, Chubu Electric Power Company (“Chubu”) and Itochu Corporation acquired partial interest in five natural gas thermal power plants in the U.S. owned by Tenaska, Inc., an IPP giant in the U.S. The companies formed a joint investment company (TC Gen) to invest and participate in the project.
The five power plants operate under long-term tolling agreements1, which means they are able to generate stable revenue, and have become a foundation for the revenue required for business expansion, including new project development in the U.S.JERA succeeded to this project from Chubu in July 2016.

  • 1Tolling agreement: A kind of power purchasing agreement between an IPP business and the power buyer that requires the power buyer to supply the fuel necessary to generate power and cover all fuel-related fees.

Project Outline

Power plant name Virginia Gateway Kiowa Alabama II Georgia
Company name Tenaska Virginia Partners Tenaska Gateway Partners Kiowa Partners Tenaska Alabama II Partners Tenaska Georgia Partners
Contracted output
(as of March 2018)
885MW 845MW 1,220MW 885MW 945MW
Location Fluvanna
Investors JERA, Tenaska, J-POWER, ITOCHU JERA, Osaka Gas, Mitsubishi Corporation, ITOCHU, Tenaska JERA, Tenaska, ITOCHU JERA, Tenaska, Mitsubishi Corporation, ITOCHU
Fuel Natural gas
Power plant type Combined-cycle gas turbine Gas turbine
Buyer Shell Energy North America Exelon Generation
Operating since May 2004 July 2001 April 2003 May 2003 June 2001
June 2002

Location of each power plant