 |
|
|
|
|
| Establishment of the Plannning Company to Conduct Feasibility Study for Power Generation Business |
| 01/07/2003 |
|
| |
|
| TOKYO GAS, SHELL GAS & POWER, AND SHOWA SHELL SIGN JOINT DEVELOPMENT AGREEMENT FOR ESTABLISHMENT OF A PLANNING COMPANY TO CONDUCT FEASIBILITY STUDY FOR POWER GENERATION BUSINESS. |
|
|
Tokyo Gas Co., Ltd
Show Shell Sekyu K.K.
Shell Gas & Power Japan Ltd.
Tokyo, July 1, 2003. Tokyo Gas Co., Ltd.(President: Norio Ichino), Show Shell Sekyu K.K (Chairman: Haruyuki Niimi). and Shell Gas & Power Japan (President: Peter. L. Robinson) announced today that Tokyo Gas, Shell Gas & Power, and Showa Shell have concluded a Joint Venture Agreement which includes the establishment of a planning company [JVC] to conduct a feasibility study for a natural gas fired power generation plant. The site is Ohgishima West Oil Depot, which is owned by Showa Shell SSKK and operated by Toa Oil.
The company is going to be established to conduct an Environment Impact Assessment study, parallel to technical and economics studies in order to evaluate feasibility of the potential power generation plant. The decision to construct power station will be taken later based upon outcomes of the study conducted by the Joint Venture Company. Detailed operations will be determined based on the study results by the planning company.
|
1. Summary of the Joint Venture Company JVC
|
| Name:
| Ohgishsima Power Company, Limited
|
|
President:
| Nominated later by Tokyo Gas (TG)
|
|
Foundation date:
| 1st August 2003 (Estimation)
|
|
Capital:
| 150 million yen
|
|
Ownership:
| Tokyo Gas Co., Ltd. 51%
|
|
| Shell Gas B.V. 24.5%
|
|
| Show Shell Sekyu K.K 24.5%
|
|
Address:
| Shinjyuku Ward, Tokyo
|
Outline of Study Outline:
*Environmental Impact Assessment for constructing the power plant
*Technical study for constructing the power plant
*Evaluation of Economics on power generation business
|
2. Business Objectives
|
Under the liberalization of electricity market, both effective energy efficiency usage and environmental conservation are strongly required. This is an alliance between the Shell Group, which has interests in the upstream business of LNG, a suitable site for power generation at the coast of Tokyo Bay, and expertise in the power generation business, and Tokyo Gas, which has experience in LNG procurement and city gas supply together with electricity retailing. Together, the project will be able to provide electricity that is competitive and is made from natural gas, a clean energy source.
The partners wish to make a contribution to a stable, safe and efficient energy supply, whilst caring for the local and global environment.
|
3. Outline of power generation business
|
| Generating system:
| CCGT
|
|
Size:
| 400 MW * 3 units
|
|
Fuel:
| Natural Gas
|
|
Location:
| 2-1, 2-5 Ohgishima, Tsurumi-ku, Yokohama
|
|
Operation data:
| Year 2009 (targeted operation date)
|
|
|
|
|
Contact for the project
|
|
|
TG:
| Public Relations 03-5400-7675 (Takase)
|
| SSSKK:
| Public Relations 03-5531-5591 (Iwaki)
|
| SGPJL:
| Public Relations 03-3218-1785 (Naito)
|
|
|
|
| 2003 Press Release Index |
|
 To Page Top |
|
|
|
|
|
