ELECTRIC POWER DEVELOPMENT CO., LTD. January 12, 2017
J-POWER
J-POWER acquires equity interest in the Westmoreland Power Plant Project-- Owned capacity in the U.S. will exceed 2 GW --
Electric Power Development Co.,Ltd.(headquartered in Chuo-ku, Tokyo; Toshifumi Watanabe, President, hereafter "J-POWER" ), through its wholly owned subsidiary,
OWER USA Investment Co., Ltd.("J-POWER USA"), has acquired 25% interest in Tenaska Pennsylvania Partners (hereafter "TPP") from affiliates of the major independent US energy group, Tenaska, Inc. (hereafter "Tenaska").
Prior to the acquisition by J-POWER, TPP was owned by Tenaska and DGC*1 . TPP is currently constructing the Tenaska Westmoreland Power Plant (926 MW, natural gas-fired combined cycle power plant) in Westmoreland County, Pennsylvania. The power plant is expected to start its commercial operation in late 2018 and supply electricity to PJM*2, the largest deregulated electricity market in the US.
After the acquisition, J-Power owns 25 percent of the interest in TPP, with Tenaska and Diamond Generating Corporation owning the remaining interest. J-Power's investment in the US will expand to 11 projects with the aggregated owned capacity exceeding 2,000 MW after the Westmoreland Project commences its commercial operation.
Based on the J-POWER Medium-term Management Plan announced in 2015, J-POWER, by utilizing various sales forms, will eagerly pursue its path to expand the business in the US energy market, where the market is advanced in liberalization with ample business opportunities, aiming to realize the total overseas owned capacity of 10 GW by 2025.
*1 Diamond Generating Corporation, a wholly-owned subsidiary of Mitsubishi Corporation, Japan
*2 The independent system operator in the Eastern US that operates the largest wholesale electricity market in the US as well as run its electric power system. The operational region started from Pennsylvania, New Jersey and Maryland, as suggested by its name, and now extends to as far as Delaware, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee, Virginia, West Virginia and the District of Columbia..
Overview of the Westmoreland Power Plant
List of J-POWER's Overseas IPP Projects
Overview of the Westmoreland Power Plant
Location | Westmoreland County, Pennsylvania, approx. 60 km southeast of Pittsburgh |
Power Generation Method | Gas combined-cycle |
Output | 926 MW |
Fuel | Natural Gas |
Operating Company | Tenaska Pennsylvania Partners, LLC. |
Sale format and target | Operating as a merchant in the PJM, a deregulated market |
(Location of the power plant)
Westmoreland Power Plant１． Name: Tenaska, Inc.
２． Head Office: Omaha, Nebraska
３． Overview: A major independent energy group established in 1987.
１． Name: Diamond Generating Corporation
２． Head Office; Los Angeles, California
３． Overview: A subsidiary of Mitsubishi Corporation established in 1999.
An independent power producer in the U.S.
List of J-POWER's Overseas IPP Projects
(Currently operational projects)
＜Attachment 2＞
Country/ Region | Project Name | Power Generation Method | Capacity (MW) | J-POWER Investment Ratio （％） | Owned Capacity (MW) | |
US (10 Projects) | 4,504 | 1,785 | ||||
Frontier | Gas (Combined Cycle) | 830 | 31.0 | 257 | ||
Elwood Energy | Gas (Simple Cycle) | 1,350 | 50.0 | 675 | ||
Green Country | Gas (Combined Cycle) | 795 | 50.0 | 398 | ||
Birchwood | Coal | 242 | 50.0 | 121 | ||
3 Eastern Gas Thermal Plants | Pinelawn | Gas (Combined Cycle) | 80 | 50.0 | 40 | |
Equus | Gas (Simple Cycle) | 48 | 50.0 | 24 | ||
Fluvanna | Gas (Combined Cycle) | 885 | 15.0 | 133 | ||
2 Long Island Thermal Plants | Edgewood | Gas (Simple Cycle) | 88 | 50.0 | 44 | |
Shoreham | Jet Fuel (Simple Cycle) | 90 | 50.0 | 45 | ||
Orange Grove | Gas (Simple Cycle) | 96 | 50.0 | 48 | ||
Thailand (16 Projects) | 5,947 | 3,300 | ||||
Roi-Et | Biomass (Chaff) | 10 | 24.7 | 2 | ||
EGCO Cogen | Gas (Combined Cycle) | 112 | 20.0 | 22 | ||
GCC | Gas (Combined Cycle) | 110 | 49.0 | 54 | ||
SCC | Gas (Combined Cycle) | 117 | 49.0 | 57 | ||
NKCC | Gas (Combined Cycle) | 120 | 49.0 | 59 | ||
GYG | Biomass (Rubber Wood Waste) | 20 | 49.0 | 10 | ||
GPG | Gas (Combined Cycle) | 1,468 | 49.0 | 719 | ||
7 SPP | Gas (Combined Cycle) | 790 | 57.7 | 456 | ||
Nong Saeng | Gas (Combined Cycle) | 1,600 | 60.0 | 960 | ||
U-Thai | Gas (Combined Cycle) | 1,600 | 60.0 | 960 | ||
China (5 Projects)* | 8,958 | 936 | ||||
Tianshi | Coal waste | 50 | 24.0 | 12 | ||
Hanjiang (Xihe / Shuhe) | Hydropower | 450 | 27.0 | 122 | ||
Gemeng | Mainly Coal | 6,392 | 7.0 | 447 | ||
Hezhou | Coal | 2,090 | 17.0 | 355 | ||
Other (5 projects) | 1,446 | 656 | ||||
Phillipines: CBK (3 projects) | Hydropower | 728 | 50.0 | 364 | ||
Taiwan: Chiahui | Gas (Combined Cycle) | 670 | 40.0 | 268 | ||
Poland: Zajaczkowo | Wind Power | 48 | 50.0 | 24 | ||
Total (6 countries) | 20,855 | 6,677 | ||||
* 24.5MW of Tianshi and 24.5MW of Gemeng are double counted because Tianshi is an affiliate company of Gemeng. Total MW of China excludes the 24.5MW.
(Projects under construction)
Country / Region | Project Name | Power Generation Method | Capacity (MW) | JPOWER Investment Ratio （％） | Owned Capacity (MW) |
Indonesia | Central Java | Coal | 2,000 | 34.0 | 680 |
US | Westmoreland | Gas (Combined Cycle) | 926 | 25.0 | 232 |
EPDC - Electric Power Development Co. Ltd. published this content on 12 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 January 2017 02:13:02 UTC.
Original documenthttp://www.jpower.co.jp/english/news_release/pdf/news170112.pdf
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