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Tohuko Electric Power joins globalCOAL

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World Coal,

Japan’s second largest coal consumer in the power sector, Tohoku Electric Power (Tohuko EPC)has joined globalCOAL’s online coal trading platform. The company serves 7.6 million customers in Japan’s Miyagi Prefecture. It owns two coal-fired power plants – the 1200 MW Noshiro power plant and the Haramachi 2000 MW power plant – and uses about 8 million tpa of coal.

With Tohoku EPC, globalCOAL now has 14 market members from Japan, representing 9% of total membership. Japan’s Electric Power Development Co. (J-Power) is also a shareholder of globalCOAL.

“As one of the leading parties in the annual Japanese benchmark price negotiations, Tohoku EPC is one of the most influential power utilities in Japan and we are delighted to receive its support”, said Richard Richardson, head of Asian markets at globalCOAL. “In the wake of the Great East Japan Earthquake and Fukushima Daiichi nuclear disaster, coal’s role in Japan’s energy mix has become more critical than ever. We are pleased to see the globalCOAL online trading platform bringing additional flexibility and efficiency to the coal procurement strategy.”

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