Tonga to start repaying controversial chinese loans. However, they have also announced plans to build a new factory and expand into the US, a move which could be a step towards becoming one of the largest energy producing nations in the world.
© Photo : Reuters/Yasuyuki Katagiri New R&D centre for the power plants of Japan at the site of plant on the island of Honshu, in northern Okinawa island.
The latest investment by Tepco is the latest in a spate of high-profile moves by the Japanese government to boost competitiveness. Earlier this month, President Tsugumi Ohsato pledged to spend up to 500 billion yen (US$62 billion) on renewable energy projects by the end of next year. The government also plans to build a nuclear plant as part of its ambitious efforts to produce 100 million tonnes of coal-fired power each year by 2020, of which 20 percent is slated to be produced domestically.
The plant has long been slated to start commercial operation in 2022. But Tepco, which owns 90 percent of its coal mine, has been struggling to find a company to purchase the assets at their proposed location. In August, it announced that it had cancelled plans to purchase its 30 percent of Tepco’s coal mine, despite receiving bids from eight potential bidders.
In June, it was revealed that the company had signed an agreement with a third country – India. The deal is expected to cost between 50 billion and 150 billion yen ($7.8-$10.4 billion) and will see Tepco purchase the rest of the plant’s assets from Tepco’s subsidiaries. Tepco’s stake in the plant is estimated to be around 30 percent, with investments to be made in China, India and Europe.
© Photo : REUTERS/Sukiyad Omran China launches its first offshore wind farm. The new바카라 energy facility would be the second-largest wind farm in the world.
“We are working ve우리카지노ry hard to find a new supplier to participate in this project,” Tepco spokesman Toshiya Ishii said on October 2. “We expect the project to start commercial operation in 2018 and the country will have to invest roughly 120 trillion yen, around $1 trillion, in the project. The number of wind turbines will reach 1,000, which will 우리카지노create tens of thousands of jobs at the same time,” said Yoshihiro Kaneko, deputy head of the Public Ministry’s Center for Energy Regulation and Technology, a non-profit thin