Project Financing Put Together for Fukushima Gas Power

Fukushima Gas Power Co., Ltd. (headquarters: Chiyoda-ku, Tokyo; "FGP"), was established to implement a natural gas-fired power generation project in Soma Port (Shinchi-cho, Soma-gun, Fukushima Prefecture). The gas turbine combined-cycle plant has a generating capacity of 1.18 million kW. FGP is a joint venture involving investments from five companies: Japan Petroleum Exploration Co., Ltd. (headquarters: Chiyoda-ku, Tokyo; "JAPEX"), Mitsui & Co., Ltd. (headquarters: Chiyoda-ku, Tokyo), Osaka Gas Co., Ltd. (headquarters: Osaka, Osaka Prefecture), Mitsubishi Gas Chemical Co., Inc. (headquarters: Chiyoda-ku, Tokyo), and Hokkaido Electric Power Co., Inc. (headquarters: Sapporo, Hokkaido).

DBJ, serving as lead arranger, worked with domestic banks to put together project financing totaling ¥140 billion for FGP.

Through its main business operations, DBJ takes into account changes in the market environment, including deregulation of the electric power industry and reduction of CO2 emissions, and aims to contribute to the development of (1) a stable supply of electric power that is low priced and has a low environmental impact, (2) the economies surrounding power plants, and (3) the energy industry.