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Tepco affiliate to sell low-cost coal to Asian utilities

SINGAPORE -- A Tokyo-based company affiliated with Tokyo Electric Power Co. Holdings will start selling low-priced coal to power utilities in Asia, starting with those in South Korea and Taiwan.

By blending in lower-quality coal, the Tepco affiliate seeks to set prices 10-20% lower than those for high-grade coal typically used at fossil-fuel power plants in Japan. Jera, established last year, is a 50-50 joint venture of a Tepco subsidiary and Chubu Electric Power.

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