Osaka Gas may pull out of Marubeni Thermal Power Project

• 9 years ago (2015-12-21)
• David Flin

North America 1054 Nuclear 700

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Osaka Gas has said that it may withdraw from a thermal power project planned with Marubeni , citing signs of nuclear restarts and increasing calls to reduce CO2 emissions from power generation.

The Nikkei newspaper reported that Osaka Gas plans to withdraw from a $250 million power project which will use coal as fuel and is expected to start running by March 2019. Marubeni will examine the feasibility of the project while seeking a new partner.