• Bloomberg


A Tokyo Electric Power Co. and Chubu Electric Power Co. joint venture is planning to expand overseas sales of coal as demand is expected to slow at home.

The venture, Jera Co., will start coal blending operations at the port of New Castle in Australia in cooperation with partner EDF Trading Ltd., President Yuji Kakimi said in an interview in Tokyo on Thursday. Asian nations demand a different quality of coal from Japanese power companies and Jera wants to double its coal sales to other companies to 2 million metric tons by 2022, Kakimi said.

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