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9502 Chubu Electric Power Co News Story

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Brief: Japan's JERA President: We Have Multiple Capital Boost Scenarios Including IPO And Capital Increases By Existing Shareholders

Feb 18 (Reuters) - Tokyo Electric Power Company Holdings Inc 9501.T:

JAPAN'S JERA PRESIDENT: AMID HEIGHTENED ECONOMIC SECURITY RISKS, SECURING LNG FROM QATAR IS OF IMMENSE IMPORTANCE

JERA PRESIDENT: QATAR'S LNG OFFERS LESS FLEXIBILITY THAN OTHER PROJECTS, BUT EXCELS IN EMERGENCY FLEXIBILITY AND RESPONSE CAPABILITIES

JERA PRESIDENT: IMPORTANT TO MAINTAIN STRONG RELATIONSHIPS WITH WORLD'S TOP LNG PRODUCERS SUCH AS U.S. AND QATAR AS ELECTRICITY DEMAND INCREASES

JERA PRESIDENT: TEPCO'S NEW MANAGEMENT PLAN AND RECRUITMENT OF ALLIANCE PARTNERS WILL HAVE NO IMPACT ON JERA'S MANAGEMENT

JERA PRESIDENT:  WE WILL PROCEED WITH OUR BUSINESS BASED ON OUR OWN INDEPENDENT MANAGEMENT DECISIONS

JERA PRESIDENT:  WE HAVE MULTIPLE SCENARIOS FOR CAPITAL BOOST, INCLUDING AN IPO AND CAPITAL INCREASES BY EXISTING SHAREHOLDERS

JERA PRESIDENT: WE ARE EXPLORING OPTIONS FOR CAPITAL STRENGTHENING, BUT NOTHING HAS BEEN DECIDED AT THIS POINT

JERA PRESIDENT:  OUR OFFSHORE WIND PROJECT IN AKITA HAS ALREADY BEGUN CONSTRUCTION AND WE INTEND TO PROCEED ON SCHEDULE

JERA PRESIDENT:  WE AIM TO SUCCESSFULLY DEVELOP BOTH OF OUR OFFSHORE WIND FARMS IN AKITA AND AOMORI AND DEMONSTRATE THAT IT IS A VIABLE BUSINESS MODEL IN JAPAN

JERA PRESIDENT:  OUR LONG-TERM LNG CONTRACTS ARE NOT TAILORED SPECIFICALLY TO JAPAN’S DEMAND BUT ARE STRUCTURED WITH GLOBAL DEMAND IN MIND

JERA PRESIDENT:  EVEN IF FUTURE LNG DEMAND DOES NOT PROGRESS AS ANTICIPATED, IT IS ENTIRELY FEASIBLE TO ADJUST VOLUMES USING TRADABLE SUPPLIES SUCH AS U.S.-PRODUCED LNG

Further company coverage: 9501.T

 (Reporting by Yuka Obayashi)

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