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Tepco, JXTG to partner on power plant, city gas

Japanese energy companies venturing beyond bailiwicks as markets open up

TOKYO -- Tokyo Electric Power Co. Holdings and JXTG Holdings will team up to build a power plant and production facilities for city gas, using each other's expertise to more effectively tap markets outside their traditional turf.

Japan's top electricity provider and oil company, respectively, will build a natural-gas-fired power plant in the city of Kawasaki. They aim to bring the 1.3-million-kilowatt facility online around 2024.

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