Press Releases and Other Company News December 2007

December 2007 Federation of Electric Power Companies of Japan Press Conference with Chubu Electric Executive Vice President Masahiro Kakumu

December 6, 2007
Chubu Electric Power Co.,Inc.

Today I will be talking about two items:

  • • Start of test operations at Shin-Nagoya Thermal Power Station Group No. 8
  • • CO2 emissions reductions and other initiatives for conservation of the global environment

< Start of test operations at Shin-Nagoya Thermal Power Station Group No. 8 >

  • • First, I'd like to discuss the start of test operations at Shin-Nagoya Thermal Power Station Group No. 8.
    Please refer to "Reference 1" (Overview of Shin-Nagoya Thermal Power Station Group No. 8).
  • • On November 21, Chubu Electric aligned Shin-Nagoya Thermal Power Station Group No. 8, which runs on LNG fuel, and began test operations.
  • • This thermal power station began as a coal thermal power station in 1959.
    It subsequently changed to oil for fuel, then Groups No. 1-6 were decommissioned and scrapped in succession starting in 1993. During this time we have been developing Groups No. 7 and 8, which are high efficiency combined cycle electricity generation systems that use LNG as fuel.
  • • Group No. 7, which consists of six shafts and has an output of 1,458 MW and thermal efficiency of 54%, began commercial operation in 1998.
  • • The four shafts of the No. 8 series will start commercial operation in turn between April-October 2008. Combined output will be 1,458 MW with thermal efficiency of approximately 57%, among the most efficient in Japan.
    In the future, this group will be a key component of our stable supply of power as a middle-base power source.
  • • Furthermore, as you can tell from the graph in "Reference 1" the overall thermal efficiency of Chubu Electric's thermal power stations reached over 45% in FY1999 with the start of operations at Kawagoe Group No. 3 and Shin-Nagoya No. 7, and efficiency has stayed high since then.
  • • Through the stable operation of Group No. 8 and the development of the Joetsu Thermal Power Station in 2012 and beyond, Chubu Electric will continue to improve the general thermal efficiency of its thermal power stations and reduce fuel consumption and CO2 emissions.

< CO2 emissions reductions and other initiatives for conservation of the global environment >

  • • Now I'd like to talk about Chubu Electric's CO2 emissions reductions and other initiatives for conservation of the global environment.
  • • Our target is to reduce our average CO2 emissions intensity in FY2008 - FY2012 by 20% from FY1990 levels.
  • • We are approaching this endeavor from four angles. In addition to developing high-efficiency LNG thermal power equipment, as in the Shin-Nagoya Thermal Power Station Group No. 8 already discussed, we are also:
    • • Increasing the facility load factor at nuclear power stations, inasmuch as we can safely do so;
    • • Promoting renewable energy, such as with our development of wind power and biomass; and
    • • Securing carbon credits through the Kyoto Mechanisms.

    We are strongly pursuing these policies as we make every effort to achieve our targets.
  • • Chubu Electric is also engaged in other activities to help protect the global environment.
    I'd like to introduce a number of these from "Reference 2" (Major Chubu Electric Initiatives for the Environment).
  • • Since FY2006, we have partnered with schools, environmental non-profits and other citizens groups to undertake Chuden Eco Partnership activities, which include tree plantings and environmental education among other activities. The number of persons taking part by the end of October this year is more than 11,000.
  • • As part of these initiatives, weather forecaster Yoshizumi Ishihara and Chubu Electric President Mita held a talk session with a number of elementary school students. This "Chuden Ecosession for Elementary School Students 2007" happened in Nagoya today.
  • • Other initiatives we are engaged in include:
    • • "Chubu Electric Green Procurement," which adds environmental considerations to product and service purchasing decisions; and
    • • The Invitation to the Forest Project, which trains people to practice environmental conservation by maintaining the forest and experiencing nature.
  • • Chubu Electric understands that working to prevent global warming is one of our most critical management issues, and therefore it is our desire to be part of the fight to lower CO2 emissions and promote a wide range of global environmental protection initiatives.

That is all for me.