Hitachinaka Generation Company

Hitachinaka Generation Company is a subsidiary of Chubu Electric Power Company with TEPCO holding a 3.45% stake. The company was founded in December 2013 as a vehicle to build a third unit at the existing Hitachinaka Thermal Power Station.

Background
In 2013 Chubu Electric Power Company said it plans to found a joint special purpose company with Tokyo Electric Power Co. to build and operate a 600 MW coal-fired power plant, to be constructed at TEPCO's Hitachinaka thermal power station in Ibaraki Prefecture by 2019.

In December 2013 the two companies announced that they had agreed to form the Hitachinaka Generation Company with Chubu holding a 96.55% stake in the company and TEPCO only 3.45%. In its media release the company stated proposed project would have an installed capacity of 650MW ultra super-critical plant with 600MW sent out to the grid. It stated that the projected commissioning date is in the 2020 financial year.

Contacts
768-23 Terunuma, Tokai-mura, Naka-gun, Ibaraki, Japan

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