Coal news and updates

Sumitomo to shut down 56-MW coal-fired plant in Japan

Japanese diversified group Sumitomo Corp (TYO:8053) announced on Tuesday it is shutting down a 56-MW coal-fired power plant in Fukushima Prefecture.

The Onahama Power Plant in Iwaki City will be retired at the end of March 2024 in line with Sumitomo's initiative to achieve carbon neutrality.

Featuring two units, the facility has been operational since October 2004 under Summit Onahama S-Power Corp. The latter is owned 65% by Summit Energy Corp, a 100% subsidiary of Sumitomo Corp, and 35% by Japanese salt maker Nihonkaisui Corp.