Tepco and Chubu Electric receive approval for conventional power JV

Tokyo Electric Power Company Holdings (Tepco) and Chubu Electric Power have received approval from the Japan Fair Trade Commission to integrate their coal- and gas-fired power plants under the joint venture (JV), JERA Co. The process is likely to be completed by June 2019. The JV will manage 68 GW of domestic power capacity or approximately half of Japan’s power generation. JERA was set up in 2015 and now handles all of Tepco’s and Chubu Electric’s upstream energy and fuel procurement business and is the world’s biggest liquefied natural gas buyer with an annual intake of around 35 million tonnes.