Participation in South Field Energy Gas-Fired Power Project
2018.08.24
Participation in South Field Energy Gas-Fired Power Project
3rd power generation project in the USA (Equity ownership of 214MW)
Press release
Kyushu Electric Power Co., Inc. has participated in South Field Energy Gas-Fired Power Project in Ohio (“SFE”) by acquisition of 18.1% interest in South Field Energy Partners LLC from Advanced Power.
SFE is our third power generation project in the USA following investments*1 in (i) Birdsboro Gas-Fired Power Project in Pennsylvania and (ii) Kleen Gas-Fired Power Project in Connecticut. Our equity ownership of overseas electricity generation projects has reached 1,975MW*2 with SFE.
*1 Announced on (i) 15 December, 2017 and (ii) 15 May, 2018
*2 Including the projects under construction
SFE will be constructed in Ohio utilizing a gas combined-cycle generating system equipped with the state-of-art gas turbines (total output: 1,182 MW). SFE will supply electricity to the northeastern part of the USA through PJM*3.
*3 PJM(PJM Interconnection LLC)-The largest wholesale electricity market in North America
We aim to achieve equity ownership of 5,000MW*4 in overseas electricity generation projects by 2030 and we will expand overseas electricity business by developing projects mainly in Asia where electric demand is expected to increase, and also in North America and Europe.
*4 2,400MW as of the target of 2021
Location of SFE
Overview of SFE
Project Site
Columbiana, Ohio (USA)
Commercial Operation
2021
Generation Capacity
1,182MW (Supply to PJM [PJM Interconnection LLC])
Generation Type
Natural gas combined cycle
Key Equipment
GE gas turbine (7HA.02)
Fuel Supply
Shale gas from gas fields in USA
Shareholders
Kyushu Electric Power Co., Inc. – 18.1%
Development Bank of Japan Inc./Showa Shell Sekiyu K.K. – 27.2%
Shikoku Electric Power Co., Inc. – 8.9%
Advanced Power
NH-Amundi Asset Management etc.