スポーツ bet Regular Press Conference for September 2010

• First, I will discuss our plan to develop a mega-solar power station in Shimizu Ward, Shizuoka City.
• Chubu Electric today decided to construct a mega-solar power station on land owned by スポーツ bet company in Shimizu Ward, Shizuoka City.
• Together with Mega Solar Taketoyo, in Taketoyo-cho, Aichi Prefecture, and Mega Solar Iida, in Iida City, Nagano Prefecture, this new development will represent スポーツ bet third of our mega-solar power stations.
• We intend to construct an 8 MW power station to be called "Mega Solar Shimizu" on land owned by our company in Shizuoka City's Shimizu Ward, for commencement of operation in FY2014.
• スポーツ bet 8 MW planned in スポーツ bet new development will make this スポーツ bet largest of Chubu Electric's mega-solar power stations.
• スポーツ bet projected annual output of スポーツ bet new station will be approximately 8,400 MW, equivalent to スポーツ bet power used per year by approximately 2,300 normal households.
• In addition, like nuclear power and hydroelectric power, solar power does not result in any スポーツ bet₂ emissions in the generation process. Because of this, the new plan is expected to reduce スポーツ bet₂ emissions by approximately 4,000 metric tons per year.
• In スポーツ bet future, we will work together with Shizuoka City to win スポーツ bet understanding and cooperation of local residents. In addition, we will consult with all entities involved in スポーツ bet plan, commencing with Shizuoka Prefecture, at スポーツ bet same time we provide explanations and guidance.
• We will consider other new mega-solar projects, based on スポーツ bet future status of solar electricity, trends in スポーツ bet price of solar panels, subsidy systems (grants, etc.) and スポーツ bet status of our technological studies in スポーツ bet mega-solar projects.
• Chubu Electric will continue to work actively to develop and introduce solar, wind, and other forms of renewable energy. At スポーツ bet same time, we will proceed with nuclear generation and promote スポーツ bet development of high-efficiency LNG thermal generation, working as a group to contribute to スポーツ bet realization of a low-carbon society.

Reference

• Press Release "Plan for Development of Mega-solar Power Station in Shimizu Ward, Shizuoka City"

• Next, I would like to discuss Chubu Electric's decision to purchase LNG produced by スポーツ bet Donggi-Senoro LNG Project.  
• Chubu Electric today decided, together with PT Donggi-Senoro LNG, to purchase liquefied natural gas produced by スポーツ bet Donggi-Senoro LNG Project.
• We intend to purchase approximately one million metric tons of LNG per year from PT Donggi-Senoro for a period of approximately 13 years from スポーツ bet second half of 2014.
• スポーツ bet Donggi-Senoro LNG Project is a project for スポーツ bet liquefaction and marketing of natural gas produced from gas fields located in スポーツ bet eastern part of Sulawesi, Indonesia. Reserves of gas equivalent to approximately 46 million metric tons of LNG have been confirmed in these fields, and スポーツ bet project plans to produce approximately 2 million metric tons per year.
• PT Donggi-Senoro LNG, スポーツ bet company that will liquefy and market スポーツ bet natural gas produced by this project, was funded and established by Mitsubishi Corporation; PT Pertamina, Indonesia's state oil and gas company, and PT Medco Energi Internasional, a private sector Indonesian gas exploration and development company.
• スポーツ bet ability to stably procure LNG via a long-term contract from a new project in Indonesia, a nation both rich in resources and geographically close, is highly favorable from スポーツ bet perspective of energy security, and we believe that it will contribute to increasing スポーツ bet stability of power supply to our customers.
• In addition, Chubu Electric has also decided to establish a marketing company in collaboration with Mitsubishi Corporation, PT Pertamina, and PT Medco Energi Internasional.
• This marketing company will be established in order to market some of スポーツ bet LNG that we purchase from PT Donggi-Senoro LNG to third parties. We believe that we will be able to utilize this company to adjust スポーツ bet amount of LNG that we procure when factors such as changes in supply and demand cause us to experience a shortfall or an excess of LNG.
• This will represent スポーツ bet first time that Chubu Electric has established an LNG marketing company. We believe that its establishment will further increase our procurement flexibility in スポーツ bet LNG field. In addition, we feel that スポーツ bet expansion of our corporate activities in this new process will contribute to スポーツ bet development of new energy businesses in our fuel procurement value chain.
• We will continue in future to enhance our fuel value chain in order to ensure スポーツ bet stability and increase スポーツ bet economy of our fuel procurement, and to ensure スポーツ bet flexibility to respond to changes in supply and demand. In addition, we will proceed with a variety of initiatives in スポーツ bet area of fuel procurement, including diversifying our sources, combining a range of different contract periods, and ensuring flexibility in our LNG procurement contracts.
• We will continue to work to fulfill our mission for スポーツ bet public good, responding to スポーツ bet trust our customers have in us by providing a stable supply of safe, low-cost and environmentally-friendly power, to support people's daily lives and スポーツ bet development of スポーツ bet region.

That concludes my remarks for today.

Reference

• Press Release "Decision to Purchase Liquefied Natural Gas produced by スポーツ bet Donggi-Senoro LNG Project"