Japan Utility TEPCO to Get Emission Rights Via Southeast Asian Projects

Sep 10 - Kyodo News International, Tokyo

Sep. 10--TOKYO -- Tokyo Electric Power Co. plans to launch three hydroelectric power projects in Southeast Asia in a bid to obtain carbon dioxide emission rights, the Nihon Keizai Shimbun reported Friday.

The business daily said TEPCO will launch a 1 billion yen hydroelectric project in Malaysia in cooperation with Mitsui & Co. and a local firm. The project will generate 9,000 kilowatts of power and create about 30,000 tons in emission rights a year, the report said.

TEPCO, the world's largest private electric power company, will also launch an 800-kw hydroelectric power project in Malaysia and build a 10,000-kw hydropower plant in the Philippines through subsidiary Tokyo Electric Power Services Co., the report said.

TEPCO, Japan's largest corporate emitter of CO2, aims to cut its greenhouse gas emissions to 80 percent of the fiscal 1990 level by fiscal 2010, the report said.

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