The Chugoku Electric Power Co., Inc.
Financing through a Transition Loan Utilizing Financial Support from the GX Promotion Organization
Borrowed a total of 149.0 billion yen through a transition loan with financial support from the GX Promotion Organization. Use of funds includes safety countermeasure construction at Shimane Nuclear Power Station Unit 3 and repowering investments at Meitsu Power Plant, supporting decarbonization investments. We will continue to consider utilizing the same scheme.
Key Figures
- Loan amount: 1,490 hundred million yen
- Contract date: September 28, 2026
- Loan execution date: September 30, 2026
AI要約
Overview
The Chugoku Electric Power Co., Inc. has raised a transition loan totaling 149.0 billion yen with the financial support of the GX Promotion Organization. The loans are from multiple financial institutions, with explicit contract and execution dates. Funds will be allocated to safety countermeasure works at Shimane Nuclear Power Station Unit 3 and repowering investments at Meitsu Power Plant, supporting long-term stabilization of decarbonized power supply and strengthening regional industrial competitiveness. We will continue to consider utilizing this scheme in the future.
Outlook and Impact
Decarbonization investments are planned to be implemented in the medium to long term, contributing to regional energy supply and DX promotion. Through collaboration with the GX Promotion Organization, we intend to continue investments that contribute to achieving carbon neutrality. By contributing to the stable provision of decarbonized power for data centers and other industrial sites, this is expected to support the development of the Chugoku region.
The Chugoku Electric Power Co., Inc.
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