IFLR1000

Nakoso/Hirono 1080MW IGCC power plants

12/1/2017
Project development, Project finance
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¥ 300 billion

$ 2.6 billion

Announced

12/1/2017

Overview:

  • Nakoso/Hirono 1080MW IGCC power plants.
  • The project consists of the construction of two state-of-the-art integrated coal gasification combined cycle (IGCC) power plants in Fukushima.
  • Due to become operational in 2020, the nameplate capacity of each power plant is 540MW, and it was the first project financing—and largest in domestic history—transaction in Japan for an IGCC power plant—a next generation clean coal technology that is recognised but unproven.
  • The deal aims to support the revival of Fukushima after the Fukushima earthquake in 2011.

Adam Majeed - Regional editor 

Jurisdiction:

Japan

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sectors:

Energy
Oil and gas

Firms:
Baker McKenzie

Party: Development Bank of Japan (Lender)

Party: Mizuho Bank (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: Bank of Tokyo-Mitsubishi UFJ (Lender)

Lawyers: Naoaki Eguchi, Tsutomu Kobayashi

Nishimura & Asahi

Party: TEPCO (Sponsor)

Party: Mitsubishi Power Corporation (Sponsor)

Party: MHI (Sponsor)

Party: MELCO (Sponsor)

Lawyers: Mikiko Soga, Tomohiro Sato

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