A new energy-efficient coal-fired power plant could be build in Fukushima as Tepco considers partnering with Mitsubishi to offset economic loss after closing all its nuclear power plants.
According to Reuters, Mitsubishi Heavy Industries, Mitsubishi Corp and Mitsubishi Electric will be the major stake-holders in the foreseen integrated gasification combined-cycle (IGCC) station that could arise near the site of the wrecked nuclear plant damaged in the 2011 earthquake.
Toko Electric Power Company (Tepco) will operate the Mitsubishi-owned power plant that could be connected to the grid by 2020.
Mitsubishi Heavy has the ambition to become the world's leading player in the new IGCC technology expected to offer 20 per cent better efficiency compared with conventional coal power plants using the same amount of fuel.
Tepco has been under pressure to introduce energy and carbon efficient facilities after all of its nuclear power plants have been shut down following the Fukushima disaster due to safety concerns.
Three reactors of the Fukushima nuclear power plant near Tokyo went into meltdown after a cooling system failed following the 2011 earthquake and subsequent tsunami that triggered a series of explosions and forced the evacuation of 160,000 people from nearby towns and villages.