North American IPP
|Hickory Run power plant construction site|
In North America, the world's largest electricity market, we have invested in 23 projects representing over 11,000 MW of power generation assets through our subsidiary Tyr Energy, Inc.
Recently, construction began on the Hickory Run power plant (Pennsylvania, 1,000 MW, natural gas combined-cycle), a greenfield project developed by ITOCHU and launched in 2017. Operation is scheduled to start in 2020.
The Hickory Run power plant is our third new power plant in the United States. Going forward, we aim to further enhance our capabilities and realize business operations with even higher added value. We are also expanding in the renewable energy field, where we are advancing four wind and solar power projects.
In power plant operation and maintenance services, NAES Corporation, another U.S. subsidiary, has an extensive track record, comprising the operation of over 300 power plants, mainly in North America. NAES Corporation has established itself as one of the world's largest third-party service providers in this field.
To comprehensively increase the added value of its operations and maintenance services, NAES Corporation is enhancing O&M functions and services related to remote transmission line operations, asset management, regulatory compliance, regular inspections, and electric facility construction.
To expand the electric power business, we are fully harnessing the ITOCHU Group's expertise, including the business investment, development, and asset management functions of Tyr Energy, Inc., as well as the operation and maintenance services of NAES Corporation.