Establishment of Kashima Power Co., Ltd.
Dec. 09, 2013
Nippon Steel & Sumitomo Metal Corporation
Electric Power Development Co., Ltd.
Establishment of Kashima Power Co., Ltd.
Nippon Steel & Sumitomo Metal Corporation (“NSSMC”) and Electric Power Development Co., Ltd. (“J- POWER”), with the purpose of conducting the power generation business in the premises of Kashima Works of NSSMC, have established, by joint capital investment, “Kashima Power Co., Ltd.”. The corporate profile is as follows:
| Corporate Name: | Kashima Power Co., Ltd. |
| Headquarters Address: | Kashima City, Ibaraki Prefecture |
| Date of Incorporation: | December 9, 2013 |
| Directors: | Representative Director & President: |
| Hisaichi WANAJO (To be dispatched from NSSMC, part-time) | |
| Representative Director & Executive Vice President: | |
| Hitoshi KANNO (To be dispatched from J-POWER, part-time) | |
| Capital: | JPY 600 million (capital JPY 300 million, capital reserve JPY 300 million) |
| Equity Ratio: | NSSMC 50%, J-POWER 50% |
| Business Category: | Power supply (To be supplied to NSSMC and J-POWER) |
| Generation Equipment: | 640MW-class coal-fired thermal power station |
| Commercial Operation: | 2020 (scheduled) |
Contact:
NSSMC: Suzuki, Public Relations Center
Tel. +81-3-6867-2135 (direct)
J-POWER: Kitakaze and Hoshino, Public Relation Office
Tel. +81-3-3546-2211 (switchboard)
