Conclusion of a Letter of Intent to Develop World's Most Advanced Coal-Fired Thermal Power Plants in Fukushima Prefecture

The project was launched with the aim of creating an industrial base and opening up job opportunities^*1 in Fukushima as part of moves to support local economic recovery. The project will, at the same time, be a global leader in next-generation clean coal technology through the introduction of the integrated coal gasification combined-cycle (IGCC)^*2 in plant operations.

The project aims to construct and operate two 540 MW class IGCC facilities in Fukushima: one at TEPCO's Hirono Thermal Power Station and the other at Joban Joint Power Company's Nakoso Thermal Power Station.

Drawing on the skills and knowledge gained in the power generation business, the five companies are committed to creating an industrial base in the prefecture, to be achieved by executing construction works and procuring relevant materials as well as through follow-up surveillance assessments once operations have commenced, all with the goal of contributing to speedy revitalization in Fukushima.

The letter of intent allows the five partners to move on to practical considerations for the early realization of the project. Operating as the "Fukushima Revitalization Power Consortium", the companies will be working to implement the project with operations slated to start in the early 2020's, and with the support and cooperation of local residents, the national government and Fukushima's prefectural and local governments.