Japan steelmaker Nippon Steel & Sumitomo Metal Corporation (NSSMC) has announced that it has established Kashima Power Co., Ltd by joint capital investment with Electric Power Development Co., Ltd (J- POWER).
The power generation company established with a capital investment of JPY 600 million ($5.8 million) is scheduled to start commercial operation in 2020. The 640 MW coal-fired thermal power station, located on the premises of the Kashima works of NSSMC, will supply power to NSSMC and J-POWER.
Source:
http://www.steelorbis.com/steel-news/latest-news/nssmc-establishes-power-generation-company-799978.htm
