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Hokuriku Electric Power Company ( (JP:9505) ) has issued an announcement.
Hokuriku Electric Power Company has finalized the output specifications for the new LNG-fired Unit 2 at its Toyama Shinko Thermal Power Station, setting capacity at 630,000 kW with an approximate generation-end efficiency of 64 percent using LNG fuel. The high-efficiency combined-cycle facility, to be built in Imizu City, Toyama, is scheduled to start operation in fiscal 2033, subject to ongoing support from local stakeholders.
As part of this project, the utility will decommission the aging coal-fired Unit 2 and the idle oil-fired Unit 1 at the same site, replacing them with the state-of-the-art LNG unit to both secure stable power supply and cut carbon emissions. The move underscores the company’s broader transition away from legacy fossil units toward cleaner gas-fired technology, with implications for reduced environmental impact and a more modern generation fleet in the Hokuriku region.
More about Hokuriku Electric Power Company
Hokuriku Electric Power Company is a Japanese electric utility serving the Hokuriku region, listed on the TSE Prime Market under code 9505. The company operates a portfolio of thermal and other generation assets and is progressively shifting from older coal- and oil-fired units toward higher-efficiency, lower-carbon LNG-fired power to strengthen supply reliability while reducing emissions.
Average Trading Volume: 930,775
Technical Sentiment Signal: Buy
Current Market Cap: Yen207.4B
For a thorough assessment of 9505 stock, go to TipRanks’ Stock Analysis page.