TOKYO, Oct 30 (Reuters) - Japan's Electric Power Development
Co Ltd (J-Power) plans to shut old and low-efficiency
coal-fired power plants by 2030, in line with government policy,
the company's president said on Friday.
Industry minister Hiroshi Kajiyama said in July that Japan
will introduce measures to accelerate the closure of old,
inefficient coal power plants by 2030.
"We will be retiring aged coal-fired power plants
sequentially toward 2030," J-Power President Toshifumi Watanabe
told a news conference.
Watanabe said no decisions have been made, but its plants in
Takasago in western Japan (built in 1968-1969), in Matsushima in
southern Japan (launched in 1981) and in Takehara in western
Japan (built in 1983) would be the likely targets.
J-Power, the country's biggest coal-fired power generator,
may consider developing replacement plants using advanced
technology such as gasification, he added.
The company has a total of 8.4 gigawatts of coal-fired power
capacity in seven locations, along with other energy sources
such as hydroelectric and solar power stations.
A government panel is deliberating on what constitutes an
inefficient coal-fired plant, but Watanabe said it could
encompass about 40% of J-Power's coal-fired power capacity.
In April, J-Power unveiled an ambitious target to achieve
zero carbon emissions by 2050 through carbon capture and
utilisation technology as well as the expansion of renewables,
nuclear and hydrogen power.
"It's challenging, but we will brush up our technology to
make it happen," Watanabe said.
The company also said it is poised to sell its stake in
Taiwan Chiahui Power, a 670 megawatt gas-fired power plant, to
joint venture partner Asia Cement Company and book a one-off
profit in the current business year to March 31. It did not
disclose the terms of the deal.
(Reporting by Yuka Obayashi
Editing by David Goodman)