Hokuriku to buy RI coal

Hokuriku to buy RI coal

TOKYO (Reuter): Hokuriku Electric Power Co Inc said yesterday that it had agreed to purchase an annual 120,000 tons of coal from Indonesia's P.T. Adaro Indonesia between 1998 and 2001.

A Hokuriku spokesman said he believed it was the first time for a Japanese power utility to conclude a long-term contract with the Indonesian company.

The spokesman declined to provide details on the terms of the agreement.

He said the Indonesian coal would be used at two 500,000- kilowatt (kw) power plants, one operating in Ishikawa prefecture and another in Fukui prefecture, both in central Japan on the Sea of Japan coast.