Jera announced in a statement on Monday that the two firms have decided to invest in the Chita thermal power station units 7 and 8 construction plan that Jera has been pursuing.
In that regard, Jera and Toho Gas concluded an agreement to implement its joint development and operation.
The two firms will establish a joint venture in which Jera Power Investment, a unit of Jera, will have a 75 percent stake, and Toho Gas will have a 25 percent stake.
Jera did not provide the financial details.
Last month, the company’s president and CEO, Hisahide Okuda, said during a press conference that plans are underway for the development and construction of units 7 and 8 at the Chita thermal power plant.
He said a final investment decision will be made “soon.”
Each LNG-fueled unit will have a capacity of 659.9 MW.
They will adopt the “latest high-efficiency” combined cycle power generation system with a gross thermal efficiency of approximately 64 percent, according to Jera.
Jera aims to launch operations at unit 7 in October 2029 and unit 8 in January 2030.
The firm previously planned to launch the units in August 2027 and December 2027.
Back in 2020, the joint venture of Tokyo Electric and Chubu Electric revealed plans to build two new units at the power plant.
After that, Jera submitted the environmental impact assessment scoping document for units 7 and 8 in 2021.
The Chita thermal station plan involved decommissioning existing units 1 through 5 and constructing two new units.
According to Jera, it has decommissioned four units with a total capacity of 2258 MW in March 2022.
Jera plans to decommission unit 5 with a capacity of 854 MW in fiscal 2026.
Additionally, Jera plans to retain the existing unit 6 with an 854 MW capacity.
