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EDF Trading and Chubu collaborate on coal

EDF Trading and Japanese utility Chubu Electric Power Company are to establish a new coal business, Chubu Energy Trading, based in Nagoya, Japan.

    • Roderick Bruce
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Chubu Energy Trading will commence business in early 2008, and will procure and deliver coal for Chubu Electric Power Company’s power station in Hekinan, Japan. It will establish physical and financial coal trading with wholesale counterparties in the Asia Pacific region.

Chubu Energy Trading will use EDF Trading’s experience in the coal and freight markets to optimise Chubu’s coal and freight positions, hedge its exposure and secure coal supply.

“As Japanese utilities face increased pressure in

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