J-Power to Use 1 Mln Tons More Coal in 2011/12

Reuters reported that Electric Power Development Co (TSE:9513) has forecast 1 million tons more coal consumption than last year.

As quoted in the market news:

J-Power, Japan’s wholesale power producer and biggest thermal coal user, revised up its coal-fired plant utilisation rate to 80 percent in 2011/12 from its April projection of 72 percent. The run rate compared with 78 percent in the year ended in March.