Tokyo Gas, JXTG cancel gas-fired plant expansion
7/14/2017
(Reuters) — Tokyo Gas Co and JXTG Nippon Oil & Energy Corp said they had cancelled a 2015 plan to build two additional gas-fired power units at their jointly operated Kawasaki gas-fired power plant.
The two firms said the decision reflected a lack of economic feasibility amid increasing competition after full power market liberalization in April 2016.
The two firms in 2015 had planned to begin operations of two gas-fired units with capacity of 550 MW each in 2021.
Reporting by Osamu Tsukimori, editing by David Evans
Sign up to Receive Our Newsletter
- Gasum powers Equinor's platform supply vessel with bio-LNG
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- Brazil's fossil push undermines Lula's green ambitions
Comments