TOKYO -- JERA, a joint venture owned equally by Tokyo Electric Power Co. and Chubu Electric Power, will develop a gas-fired power plant in Taiwan to take advantage of growing demand for cleaner energy on the island.
A local affiliate in which JERA has a 19.5% stake won a bid in June to expand the Fong Der Power Station of Taiwan Power, the island's public utility. New investment at the plant will total about 100 billion yen ($912.74 million). Other stakeholders in the affiliate include Taiwan Cogeneration and others.
