Chubu, Inpex to start power supply to more city gas companies
Japan’s utility Chubu Electric and LNG project developer Inpex are set to start delivering wholesale electricity to city gas companies Ueda Gas, Nagano toshi Gas and Honjo Gas.
Power will be sourced from a Chubu Electric unit, DIamond Power Corporation, the two companies said in a statement on Thursday.
The three city gas companies will begin retailing electricity in their respective gas supply areas as soon as their preparations are complete.
Chubu Electric and Inpex signed a heads of agreement in July 2015, to consider a joint business operation to supply electricity, and have rolled out a joint plan on the supply of wholesale electricity through DPC for city gas companies that supply natural gas procured from Inpex.
With the addition of Ueda Gas, Nagano toshi Gas and Honjo Gas, Chubu Electric and Inpex now run joint electricity supply business operations with a total of 16 city gas companies.